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Canaan CEO expects ‘prolonged headwinds’ amid downward pressure on Bitcoin
  • Bitcoin hardware maker and BTC miner Canaan Inc released its second quarter unaudited financial results.
  • Revenue increased despite Q2 being challenging due to Bitcoin price decline and Chinese Covid-19 lockdowns.
  • CEO Nangeng Zhang sees 'prolonged headwinds' for the sector amid downward pressure on Bitcoin price.
August 18, 2022

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