Canaan mining posts $88.7m Q1 net loss

Posted On May 19, 2026

Canaan mining maker posted an $88.7m net loss in Q1 2026 on revenue of $62.7m as Bitcoin prices and hashprice both fell sharply. Canaan Inc. reported in a May 19 press release that Q1 2026 revenue reached $62.7 million, in…