Canaan total revenue in 2019 was almost half as much as in 2018 —$204.3M, the mining company told the SEC. The loss for 2019 was $148M.

The decrease is surprising since in 2019 Canaan sold 47.1% more computing power compared to 2018. It was also listed on Nasdaq in November 2019.

In February 2020, Canaan shares rose by 80% in a single day, but the price soon fell to its minimum after the company was sued for misleading investors during the IPO.

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