If I don't tell you, you may not think that I still hold hundreds of shares of Canaan Technology, a complete junk stock, an absolute fighter among junk stocks! It fell from more than 30 to 2 dollars, I bought the bottom, but it fell to 0.75, which was worse than a halving. I finally saw a good news about Canaan Technology just now. I almost got angry after reading it carefully. A listed mining company specializing in the production of mining machines! The number of bitcoins held actually exceeded 1,000 for the first time! It's too shameless! It's probably difficult to get out of this life.
Canaan Technology's revenue in Q1 2024 exceeded expectations, and the number of bitcoins held exceeded 1,000 for the first time
On May 17, Canaan Technology released its first quarter financial statements for 2024. The company's Q1 revenue was US$35.09 million, exceeding the previous expectation of US$33 million by 6%. Mining revenue was US$10.46 million, a month-on-month increase of 182.1%. The company held more than 1,000 bitcoins for the first time, reaching a record 1,057. Net loss was $39.39 million, down 71.7% from the previous month and 53.3% from the previous year.
