HAIDIAN DISTRICT BEIJING , China (AP) — HAIDIAN DISTRICT BEIJING, China (AP) — Canaan Inc. (CAN) on Thursday reported a loss of $41.9 million in its second quarter.
On a per-share basis, the Haidian District Beijing, China-based company said it had a loss of 15 cents.
The cryptocurrency-mining computer maker posted revenue of $71.9 million in the period.
The company’s shares closed at 83 cents. A year ago, they were trading at $2.62.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAN at https://www.zacks.com/ap/CAN
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
