HANGZHOU, China (AP) _ Canaan Inc. (CAN) on Tuesday reported earnings of $184,000 in its first quarter.
The Hangzhou, China-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense, came to 13 cents per share.
The cryptocurrency-mining computer maker posted revenue of $61.5 million in the period.
Canaan shares have climbed 42% since the beginning of the year. The stock has more than tripled in the last 12 months.
The Associated Press