March 27, 2023

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Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4

Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvNTExNWRjNmMtNDIzNS00MjE4LTliNjctNWNhOGI0ZDY2Yzg1LmpwZw==.jpg"></p><p>The firm's revenue only fell by 14% for the entire year as part of better industry conditions in Q1 and Q2 2022. </p>

The firm’s revenue only fell by 14% for the entire year as part of better industry conditions in Q1 and Q2 2022.