coin-img-ETHETH+1.83%coin-img-BTCBTC+1.55%coin-img-SOLSOL+2.09%coin-img-XRPXRP+0.43%coin-img-ASTERASTER+8.09%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE-3.19%coin-img-ADAADA+0.41%coin-img-ETHETH+1.83%coin-img-BTCBTC+1.55%coin-img-SOLSOL+2.09%coin-img-XRPXRP+0.43%coin-img-ASTERASTER+8.09%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE-3.19%coin-img-ADAADA+0.41%coin-img-ETHETH+1.83%coin-img-BTCBTC+1.55%coin-img-SOLSOL+2.09%coin-img-XRPXRP+0.43%coin-img-ASTERASTER+8.09%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE-3.19%coin-img-ADAADA+0.41%coin-img-ETHETH+1.83%coin-img-BTCBTC+1.55%coin-img-SOLSOL+2.09%coin-img-XRPXRP+0.43%coin-img-ASTERASTER+8.09%coin-img-USDCUSDC-0.02%coin-img-HYPEHYPE-3.19%coin-img-ADAADA+0.41%
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Kyle Baird

Canaan Stock Jumps 18% as Q3 Revenue Doubles to $150.5M, Bitcoin Holdings Reach Record High

Canaan reported third-quarter revenue of $150.5 million, up 104% year-over-year, and posted a gross profit of $16.6 million after a $21.5 million loss in the prior-year period. The Bitcoin mining hardware manufacturer's stock rose approximately 18% following the earnings release. The company's self-mining operations produced 267 BTC during the quarter, contributing to record digital asset holdings.
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