💨 Abstract

Canaan Inc. (CAN), based in Singapore, reported a Q1 loss of $86.4 million (27 cents per share). Despite this, the cryptocurrency mining company had $82.8 million in revenue for the quarter. They expect $100 million in revenue for the next quarter. Canaan's shares closed at 82 cents, down from $1.05 a year ago.

Courtesy: wtop.com