Canaan Shares Fall on Wider 2Q Loss, as Bitcoin Comes Under Pricing Pressures
By Connor HartAmerican depositary receipts of Canaan fell after the company reported a wider loss and sharply lower revenue in the second quarter, which was a difficult time for bitcoin mining.ADRs declined 10%, to 32 cents, on Tuesday. They have lost nearly 60% of their value year to date.The crypt