Canaan Posts $88.7M Net Loss in Q1 2026 as Bitcoin Prices Weigh on Mining Revenue

BTC

BTC/USDT

$79,955.61

+0.29%

$79,955.61

+0.29%

(24s)

24h Volume

$7,099,849,729.08

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,996.00

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,996.00

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.2

Cointelegraph Staff

(02:07 PM UTC)

1 min read

Verified byJames Mitchell

0 comments

Bitcoin miner Canaan reported a net loss of $88.7 million for the first quarter of 2026, as falling Bitcoin (BTC) prices squeezed margins and triggered a significant inventory write-down.

The company posted total revenue of $62.7 million for the quarter ending March 31, a sharp decline from the $196.3 million it recorded in the previous quarter, according to a Tuesday press release.

Industrial…