// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Canaan secures new financing as revenue falls 55% in Q3 – CoinsMegaNews

Canaan secures new financing as revenue falls 55% in Q3

2 years ago CryptoExpert
Canaan secures new financing as revenue falls 55% in Q3

[ad_1]

Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.

According to its Q3 2023 earnings report released on Nov. 28, the company seeks to sell $148 million in equity through an at-the-market offering. The day before, Canaan announced that it had reached an agreement with an undisclosed institutional investor to issue up to 125,000 preferred stock at $1,000 apiece for total proceeds of $125 million.

Compared to the third quarter of 2022, the company’s revenue fell 55% to $33.3 million due to a decrease in the amount of Bitcoin (BTC) mined and a fall in the number of ASIC mining rigs sold. The firm also swung to a net loss of $110.7 million compared to a net income of $6.3 million in the same period a year ago.

“Overall, we faced increased pricing competition and a noticeable softening in purchasing power on the demand front, which has posed severe challenges to our sales,” said Nangeng Zhang, chairman and CEO of Canaan. The firm expects its Q4 revenue to be roughly unchanged from Q3 due to “challenging market conditions across the industry.”

Due to soaring electricity costs and lower BTC prices, several Bitcoin miners filed for bankruptcy in 2022, disrupting the sales of Bitcoin ASIC mining rigs. However, market conditions have improved this year due to easing inflation and a recovery in Bitcoin prices. On Nov. 13, Bitcoin miners earned $44 million in block rewards and transaction fees, the highest ever in history.

Magazine: Bitmain’s revenge, Hong Kong’s crypto rollercoaster

[ad_2]

Source link

Tags:

More Stories

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

1 year ago CryptoExpert
Dfinity Foundation Launches Onchain Accelerator Platform

Dfinity Foundation Launches Onchain Accelerator Platform

1 year ago CryptoExpert
Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

1 year ago CryptoExpert
Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

1 year ago CryptoExpert
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

1 year ago CryptoExpert
Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Gambling Establishment Real Money: A Comprehensive Overview to Winning Large

2 days ago xtw18387208b

How to Deposit at Online Gambling Establishments Using Neteller

2 days ago xtw18387208b

Free Online Slots No Download: The Ultimate Guide

2 days ago xtw18387208b

The Best Places to Play Casino Games Online

2 days ago xtw18387208b