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Canaan (CAN) Swings to an $8 Million Profit on Bitcoin Gains as Rig Sales Collapse 96%

Bitcoin Magazine · · Bitcoin · DeFi

Bitcoin Magazine Canaan (CAN) Swings to an $8 Million Profit on Bitcoin Gains as Rig Sales Collapse 96% Canaan Inc. (NASDAQ: CAN) swung to $8.0 million of third-quarter net income on a $51.9 million fair-value gain in its bitcoin holdings and derivatives, the mining-rig maker said Tuesday, even as...

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