ASIC miner fabricator Canaan shared its financial results for the fourth quarter of 2023. The company's revenue was $49 million, down 16 percent from the same period in 2022. At the same time, the giant's net loss increased to 139 million from 91.6 million, respectively.
As Canaan representatives note, the reason for these results was the sale of devices at a lower price. That is, the recovery of the coin market over the past year did not particularly help its performance.
