Shares of cryptocurrency-related firm Canaan Inc – ADR CAN are buying and selling larger by 16.24% at $3.65 after the corporate reported first-quarter earnings outcomes.
Canaan says complete computing energy offered was 4.3 million Thash/s, representing a rise of 119.1% from 2.0 million Thash/s in the identical interval of 2021.
In the meantime, revenues had been RMB1,356.1 million (US$213.9 million), representing a rise of 236.7% from RMB402.8 million in the identical interval of 2021. Gross revenue was RMB829.8 million (US$130.9 million), representing a rise of 327.2% from RMB194.2 million in the identical interval of 2021.
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Based on knowledge from Benzinga Pro, Canaan has a 52-week excessive of $11.50 and a 52-week low of $2.56.