Post by: Administrator on May 20, 2026, 03:50:14 PM
Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs.
Source: Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline (https://cointelegraph.com/news/bitcoin-miner-canaan-posts-887m-net-loss-q1-btc-decline?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)