Canaan inc. reports unaudited second quarter 2024 financial results

- revenue surpasses guidance, up 104.8% qoq - - profitability improves with operating loss narrows by 60.9% yoy and 31.5% qoq - singapore , aug. 15, 2024 /prnewswire/ -- canaan inc. (nasdaq: can) ("canaan" or the "company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended june 30, 2024. second quarter 2024 operating and financial highlights revenues were us$71.9 million, which beat the previous guidance of us$70 million and increased 104.8% sequentially.
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