Canaan Inc. (CAN) Reports Q1 EPS of $0.41

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Go back to Canaan Inc. (CAN) Reports Q1 EPS of $0.41

Canaan Inc. Reports Unaudited First Quarter 2022 Financial Results

May 19, 2022 4:45 AM EDT

BEIJING, May 19, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2022.

First Quarter 2022 Operating and Financial Highlights

Total computing power sold was 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021.

Revenues were RMB1,356.1 million (US$213.9 million), representing an increase of 236.7% from RMB402.8 million in the same period of... More