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Canaan, a Bitcoin miner firm, released its quarterly financial report this morning. The report shows that Revenues in Q3 2022 were $137.5 million (RMB978.2 million), representing a decrease of 40.8% from Q2 2022 and 25.8% compared to last year’s figures for the same time frame. Canaan chairman and CEO, Mr. Nangeng Zhang, said: The bitcoin mining market deteriorated […]
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