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Bitcoin Miner Maker Canaan Lost $148M in 2019

The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.

Updated May 9, 2023, 3:07 a.m. Published Apr 9, 2020, 12:18 p.m.
Canaan co-Chairman Jianping Kong is one of three company directors dropped from the miner maker's business registry. (PoolIn)
Canaan co-Chairman Jianping Kong is one of three company directors dropped from the miner maker's business registry. (PoolIn)