Bitcoin miner maker Canaan reports $68M in 2020 revenue

posted 10 months ago
Hangzhou-based bitcoin mining hardware maker Canaan estimates its Q1 revenue to be not less than 400 million yuan, or $61 million, which is already close to what it made for the year of 2020.

The firm disclosed its earning reports for Q4 on Monday, saying it made a gross profit of $5.8 million on a net revenue of $68 million for 2020. That means the average price for its 6.6 million terahashes second of computing power sold in 2020 was $10 per TH/s, which is much lower than market average.
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