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Canaan Reports $12M Q3 Loss, Says There's 'Rebounding Demand' for Mining Machines

Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.

BIG PICTURE: “The world is grappling right now with different supply chain issues like getting ventilators and masks around the world as opposed to bitcoin mining,” says Hut 8’s CEO. (Credit: Shutterstock)