Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2023 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 and twelve months ended December 31, 2023 Fourth Quarter 2023 Operating and Financial Highlights Total computing power sold was 5.5 million Thash/s, representing an increase of 45.7% from 3.8 million Thash/s in the third quarter of 2023 and an increase of 191.9% from 1.9 million Thash/s in the same period of 2022. Revenues were US$49.1 million , as compared to US$33.3 million in the third quarter of 2023 and US$58.3 million in the same period of 2022. Mining revenue was US$3.7 million , representing an increase of 13.6% from US$3.3 million in the third quarter of 2023 and a decrease of 65.5% from US$10.7 million in the same period of 2022. Full Year 2023 Operating and Financial Highlights Total computing power sold was 19.6 million Thash/s, representing a year-over-year increase of 29.6% from 15.1 million Thash/s in 2022. Revenues were US$211.5 million , compared to US$651.5 million in 2022.
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News
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- Canaan Announces Proposed Share Purchase by Management [Yahoo! Finance]Yahoo! Finance
- Canaan Announces Proposed Share Purchase by ManagementPR Newswire
- Canaan Makes Statement Regarding Shelf Registration Submission [Yahoo! Finance]Yahoo! Finance
- Canaan Makes Statement Regarding Shelf Registration SubmissionPR Newswire
CAN
Earnings
- 2/27/24 - In-Line
CAN
Sec Filings
- 4/22/24 - Form 6-K
- 4/17/24 - Form F-3
- 4/17/24 - Form 20-F
- CAN's page on the SEC website