Bitcoin Mining Giant Canaan Reports 417% Increase in Gross Profit

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Bitcoin mining hardware manufacturer Canaan has recorded a net loss of $5.6 million in Q1 2020, despite seeing a huge increase in profits. According to the company’s newly released financial report, its gross profit increased by 417% from Q1 2019, while total net revenues increased by 44%. 

Via: https://www.newsbtc.com

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