Canaan’s Q3 revenue plunges 90% to $14.5 million as bitcoin mining hardware sales slump
By James Hunt

Canaan's Q3 revenue fell 90% to $14.5 million, though cryptocurrency and derivatives gains supported an $8 million profit.
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Business
From the blog
Analyst Explains Why XRP Could Reach $3,000 and Rejects Traditional Math
Crypto commentator Digital Perspectives argues that traditional stock market capitalization math does not apply to XRP, suggesting institutional adoption in…
Analyst Cautions XRP Investors: Downward Trend Persists Until Key Level Breaks
Cryptocurrency analyst JD warns that XRP remains in a persistent downward trend following a head and shoulders breakdown. The former…
Anodos CEO Explains Key Factors Slowing XRP and Its Ledger
Anodos CEO Panos expressed concerns over declining metrics on the XRP Ledger, including low TVL and DEX volume, while calling…










