Canaan Shares Plunge as CEO Says Middle East Conflict Is Clouding Outlook for Bitcoin Miners
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Canaan shares are plunging as the Bitcoin mining company discloses an $88.7 million first-quarter net loss, its second straight negative period, amidst a gloomy outlook fueled by the ongoing Middle East conflict.
Canaan shares fell after the Bitcoin mining company disclosed an $88.7 million first-quarter net loss, its second straight negative period.