Mining machine manufacturer Canaan Technology's revenue has fallen sharply since December last year, indicating that mining machine sales were already weak before the outbreak

According to Chain News, Canaan Inc., a Chinese mining machine manufacturer listed on the Nasdaq, revealed in an investor conference call that the company's revenue has dropped sharply since December last year, which shows that the Bitcoin mining machine sales market was already weak before the outbreak of the new crown epidemic. Zhang Nangeng, chairman of Canaan Inc., said in an investor conference call that the company's sales were strong in October and November 2019, but in December, due to a significant increase in external pressure, revenue dropped sharply, resulting in revenue in the fourth quarter of last year lower than previously expected. Canaan Inc. released its 2019 full-year financial report the night before, with total revenue of US$204 million and a net loss of US$149 million for the whole year.