According to Wu Blockchain, Bitcoin mining rig manufacturer Canaan Inc. released its Q2 2026 financial report. Total revenue was $31.9M, continuing to decline from $62.7M in Q1, with a net loss of $97.6M. The self-mining segment generated $17.7M in revenue and produced 243 BTC during the quarter. As of June 30, the company held a total of 1,915.5 BTC, marking a new record high for quarter-end holdings. Canaan also disclosed that in late August, it sold 3,952 ETH and 54 BTC, generating approximately $13.9M in cash, part of which was used for stock buybacks. As of September 8, the company had repurchased approximately 16.4M ADS at a total cost of around $7.4M. The company expects Q3 revenue to be between $12M and $15M. https://(wublock123.com)/news/canaan-tech-q2-revenue-falls-to-31m-net-loss-97-6m-68020