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Canaan Q4 revenue jumps 121% to $196M as miner boosts bitcoin holdings to 1,778 BTC
Canaan reported fourth-quarter revenue of more than $196 million, up 121% year over year, as mining hardware demand improved. Shipments reached a record 14.6 exahashes per second, while mining revenue totaled $30.4 million and 300 BTC were produced. The company still posted an $85 million net loss and grew bitcoin holdings to 1,778 BTC by January.