mt logoMyToken
ETH Gas
EN

Canaan Q3 revenue plummeted 90% year-on-year to $14.5 million

2026-11-10 12:21:27
Shareshare
Odaily Planet Daily News: Bitcoin miner manufacturer Canaan reported a 90% year-on-year decline in third-quarter revenue to $14.5 million, with equipment revenue down 96% year-on-year. Despite recording an operating loss of $42.9 million, the company achieved a net profit of $8 million, driven by fair value gains of approximately $52 million from cryptocurrencies and derivatives. (The Block)
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
More exciting content is available on
X(https://x.com/MyTokencap)
or join the community to learn more:MyToken-English Telegram Group
(https://t.me/mytokenGroup)