Canaan Inc. Reports Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: Yahoo! Finance
provider, today announced its unaudited financial results for the three months ended March 31, 2024 First Quarter 2024 Operating and Financial Highlights Revenues were US$35.1 million , which beat the previous guidance of US$33 million by 6%. Mining revenue was US$10.5 million , representing a sequential increase of 182.1%. The number of Bitcoins held by the Company surpassed 1,000 for the first time to reach record-high 1,057 Bitcoins. Net loss was US$39.4 million , narrowed 71.7% sequentially and 53.3% year-over-year. Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "As we navigate through the last full quarter before the Bitcoin halving, Canaan has demonstrated resilience and strategic foresight. Despite the traditional slow season in the first quarter of 2024, we successfully delivered 3.4 million Thash/s of computing power sold while driving our mining revenue to an impressive US$10.5 million , a significant sequential growth of 182.1%. Ou
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CAN
News
- ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
CAN
Earnings
- 5/17/24 - Beat
CAN
Analyst Actions
- 5/20/24 - HC Wainwright
CAN
Sec Filings
- 5/29/24 - Form 144
- 5/17/24 - Form 6-K
- 5/9/24 - Form 6-K
- CAN's page on the SEC website