SINGAPORE (AP) — SINGAPORE (AP) — Canaan Inc. (CAN) on Tuesday reported a loss of $86.4 million in its first quarter.
On a per-share basis, the Singapore-based company said it had a loss of 27 cents.
The cryptocurrency-mining computer maker posted revenue of $82.8 million in the period.
For the current quarter ending in June, Canaan said it expects revenue in the range of $100 million.
The company’s shares closed at 82 cents. A year ago, they were trading at $1.05.
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