BEIJING (dpa-AFX) - Canaan Inc. (CAN), a Chinese technology company focused on crypto mining, on Monday reported preliminary fourth-quarter revenue better than its previous outlook. This was mainly due to improved market demand.
For the fourth quarter, the company expects a narrowed gross loss in the range of $10 to $6 million, while revenue is now anticipated to be $89 million, better than the prior outlook of $80 million.
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