Bitcoin Mining Hardware Firm Canaan Sees ‘Prolonged Headwinds’ After Challenging Quarter

Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth

“Looking forward to the coming quarters, we see a tougher market environment from the lower bitcoin price level, overall increased energy price, and various pandemic and geopolitical uncertainties globally, which may all jeopardize the demand and price for our products,” CFO James Jin Cheng said.

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