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Canaan reveals narrowed net loss in Q1

Canaan reveals narrowed net loss in Q1

Canaan, a Nasdaq-listed bitcoin mining machine manufacturer, saw a slight uptick in its business in the first quarter of 2020 after a disappointing performance in 2019. In a quarterly filing with the Securities and Exchange Commission (SEC), the Hangzhou, China-based company reported a total net loss of $5.6 million in Q1.