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via Decrypt · By Decrypt Editorial

Canaan Shares Plunge as CEO Says Middle East Conflict Is Clouding Outlook for Bitcoin Miners

BTC

BTC/USDT

$62,990.18

-1.73%

$62,990.18

-1.73%

(24s)

24h Volume

$18,177,537,349.14

24h H/L

$64,275.38 / $61,938.00

Change: $2,337.38 (3.77%)

Long/Short

68.3%

Long: 68.3%Short: 31.7%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,836.00

▲ 0.16%

Volume (24h): -

Resistance Levels

Resistance 3$65,584.14

Resistance 2$64,241.09

Resistance 1$62,998.21

Price$62,836.00

Support 1$61,886.44

Support 2$60,560.52

Support 3$59,130.91

Pivot (PP):$62,832.25

Trend:Downtrend

RSI (14):37.8

Decrypt Editorial

(04:20 PM UTC)

1 min read

Reviewed byJames Mitchell

636 views

0 comments

In brief

Canaan’s revenue dropped 68% quarter-over-quarter to $62.7 million, triggering a widening net loss of $88.7 million.
To secure "survivability," the firm reduced total quarterly operating expenses to $31.4 million, while trimming staffing costs.
Amid volatile crypto prices, CEO Nangeng Zhang is steering Canaan toward high-performance computing and AI infrastructure.

Canaan shares plunged…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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