Q1 2023 Canaan Inc Earnings Call

Contributing sentiments towards policy:

60% : Despite this, we have firmly established mining as the strategic priority and the secure place for ourselves in the global -- rapidly developing industry of Bitcoin mining.
59% : Mining is a long-term strategic focus for us, and as it complements our mining machine sales business and allow for the effective utilization of more inventory, we will actively and [pro gently] collaboration of alternatives negotiated terms of cooperation, and strive to continuously increase the stock mining habit to generate Bitcoin mining.
49% : In the first quarter of 2023, the profitability of mining improved due to recovery of Bitcoin prices and (inaudible) that were forced to shut down in the fourth quarter of 2022 were able to restart operations.
49% : And it will rapidly change because of different locations may have different regulations coming out related to mining.
46% : Bitcoins generated from mining are only used to pay for direct operation costs such as electricity.

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