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Canaan expects minor revenue drop in 2022 despite crypto mining crisis

Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% this year.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Canaan expects minor revenue drop in 2022 despite crypto mining crisis

Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% this year.

Why this matters

This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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