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Canaan's Finance Chief Resigns, Tong He Becomes Acting CFO

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  • Canaan Inc. (NASDAQ: CAN) CFO Quanfu Hong has resigned for personal reasons effective February 9, 2021. Director of Finance, Tong He became the acting CFO.
  • Canaan's net revenue declined 75.7% year-over-year to $24.0 million in the third quarter of FY20 due to a fall in computing power sales volume and average selling price. The loss per share stood at $0.08.
  • Price action: CAN shares are up 9.63% at $7.74 in the pre-market session on the last check Tuesday.
 

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