🚀 Crypto mining giant Canaan Inc. generated revenue of $35.

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🚀 Crypto mining giant Canaan Inc. generated revenue of $35.1 million in the first quarter of 2024, beating its previous forecast by 6%! Mining revenues reached $10.5 million, an increase of 182.1% compared to the previous quarter. It also surpassed 1,000 Bitcoin (BTC), finishing the quarter with 1,057 Bitcoin. 🎉 Canaan's CEO attributed this successful performance to strategic foresight and resilience. The introduction of the new A1566 mining machines and continued demand for the A14 series were key factors to success. For the next quarter, Canaan shared its forecasts with cautious optimism. The company expects continued growth in mining revenues and computing power sales, driven by continued demand for the new A1566 mining machines and A14 series. What are your thoughts? We are waiting your comments! 💬

🚀 Crypto mining giant Canaan Inc. generated revenue of $35.1 million in the first quarter of 2024, beating its previous forecast by 6%! Mining revenues reached $10.5 million, an increase of 182.1% compared to the previous quarter. It also surpassed 1,000 Bitcoin (BTC), finishing the quarter with 1,057 Bitcoin. 🎉
Canaan's CEO attributed this successful performance to strategic foresight and resilience. The introduction of the new A1566 mining machines and continued demand for the A14 series were key factors to success.
For the next quarter, Canaan shared its forecasts with cautious optimism. The company expects continued growth in mining revenues and computing power sales, driven by continued demand for the new A1566 mining machines and A14 series.
What are your thoughts? We are waiting your comments! 💬

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