April 9, 2020 ASIC manufacturer, Canaan reports a net loss of $148.6 million for 2019.

The Chinese-based ASIC manufacturer, Canaan Creative has reported a net loss of $148.6 million in 2019, based on total revenue of $204.3 million. The figures were part of Canaan’s Thursday publication of its first earnings report following its $90 million IPO in November of last year. The recent announcement represents the continuation of a three-year decline in profitability for the company.