Mining rig manufacturer Canaan announces narrowing net loss in Q2 results

Cointelegraph

Published Aug 31, 2020 12:14PM ET

Updated Aug 31, 2020 02:20PM ET

Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020.

While gross profit was up both year on year and quarter on quarter, the company still posted a net loss, albeit one which has narrowed significantly in the last twelve months.

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