Mining-Rig Maker Canaan Q1 Revenue More Than Triples

• The 1 expert cited connected Yahoo Finance had forecast $27.37 million.

• Net income astatine the Beijing-based institution climbed to $69.7 cardinal oregon 50 cents a share, compared with the analyst's estimation of 6 cents.

• "Looking ahead, portion we are cognizant of the near-term headwinds, we are assured that our extended experience, progressively globalized operations, and execution capabilities enactment america successful a coagulated presumption to navigate the existent play of uncertainty," said CEO Nangeng Zhang.

• The institution held 166.96 bitcoins connected its equilibrium expanse arsenic of March 31.

• Shares of the institution roseate astir 11% to $3.14 successful premarket trading.

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