Bitcoin miner Canaan seeks to expand operations despite decline in Q3 revenue
Bitcoin miner Canaan reported a fall in the third-quarter results with revenue seeing a fall of 25.8% from the year-ago quarter. Non-GAAP net income for the quarter was $23.4 million, a decrease of 71.7% from the same period in 2021. The company’s revenue for Q3 2022 was $137.5 million. However, mining revenue in Q3 2022