Canaan (CAN) Stock Crashes 7% Despite Best Quarter in Three Years

TLDR Canaan shares dropped 6.9% to $0.56 Tuesday despite Q4 revenue jumping 121% to $196.3 million, beating analyst forecasts. The crypto miner missed earnings expectations by $0.88 per share, reporting a loss of $0.89 versus estimates of $0.01. Bitcoin holdings reached a company record of 1,750 BTC worth $120 million, while Ethereum holdings grew to [...]

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