BEIJING (AP) _ Canaan Inc. (CAN) on Wednesday reported second-quarter net income of $37.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Beijing-based company said it had net income of 22 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.
The cryptocurrency-mining computer maker posted revenue of $167.5 million in the period.
Canaan shares have risen 55% since the beginning of the year. The stock has more than quadrupled in the last 12 months.
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