HAIDIAN DISTRICT BEIJING , China (AP) — HAIDIAN DISTRICT BEIJING, China (AP) — Canaan Inc. (CAN) on Wednesday reported a loss of $75.6 million in its third quarter.
The Haidian District Beijing, China-based company said it had a loss of 27 cents per share.
The cryptocurrency-mining computer maker posted revenue of $73.6 million in the period.
For the current quarter ending in December, Canaan said it expects revenue in the range of $80 million.
The company’s shares closed at $1.59. A year ago, they were trading at $1.69.
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