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Canaan (NASDAQ: CAN): GAAP EPADS was $0.41 for the third qua...

Canaan (NASDAQ: CAN): GAAP EPADS was $0.41 for the third quarter. Revenue of US$204.5 million (up 708.2% year over year) Press release As of September 30, 2021, the company had cash and cash equivalents of US$263.6 million, an increase of 334.0% from RMB 391.3 million as of December 31, 2020. Total computing power sold was 6.7 million tash/s, up 128.4% from 2.9 million tash/s in the same period in 2020, and 12.9% higher than 5.9 million tash/s in the second quarter of 2021, setting a new record. For the fourth quarter of 2021, the company expects total revenue to grow 35% to 50% month-on-month. This forecast reflects the company's current and preliminary views on the market and operating conditions and is subject to change.
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