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MarketsSource: Blockonomi ·

Canaan (CAN) Stock Falls 19% After Q3 Revenue Drops 90% Despite $8M Profit

Canaan (CAN) stock fell about 19% after Q3 revenue dropped 90% to $14.5 million. Net income hit $8 million, but only because of crypto and derivatives gains. Operating loss widened to $42.9 million from $23.9 million a year ago.

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