Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M
The newest Canaan earnings revealed a brand new cut up amongst Bitcoin mining’s best-known {hardware} suppliers: the corporate promoting mining machines reported a a lot weaker quarter simply as its personal crypto holdings turned tougher to disregard. The ASIC maker stated Q1 2026 revenue fell to $62.7 million, down from $196.3 million within the earlier…
