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Zhang Nangeng – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Sat, 23 May 2020 03:20:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Zhang Nangeng – DIGIT INFO https://www.digit.info 32 32 Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware https://www.digit.info/canaan-narrows-q1-loss-to-5-6-million-amid-weakening-demand-for-mining-hardware/ Sat, 23 May 2020 03:20:54 +0000 https://www.digit.info/2020/05/23/canaan-narrows-q1-loss-to-5-6-million-amid-weakening-demand-for-mining-hardware/ Read more]]>

Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining HardwareBitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. Demand slumped […]

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