Despite Canaan Inc. (嘉楠科技) reporting its strongest quarterly earnings in three years, its stock price fell 7% on Tuesday to $0.56. The financial report shows that Q4 revenue grew 121.1% year-over-year to $196.3 million, while Bitcoin mining revenue increased 98.5% year-over-year to $30.4 million. The company currently holds 1,750 BTC (worth approximately $120 million) and 3,950 ETH. Although this quarter saw record-breaking computing power sales (14.6 EH/s shipped), the stock price has already dropped 18.1% this year and remains far from the $1 target price it must recover to by July to avoid the risk of being delisted from Nasdaq. (Cointelegraph) http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56536