Community Articles
via Cointelegraph · By Cointelegraph Staff
Canaan Posts $88.7M Net Loss in Q1 2026 as Bitcoin Prices Weigh on Mining Revenue
BTC
BTC/USDT
$63,261.17
+0.26%
$63,261.17
+0.26%
(24s)24h Volume
$2,697,847,658.27
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.5%
Long: 68.5%Short: 31.5%
Funding Rate
+0.0042%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(02:07 PM UTC)
1 min read
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…
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