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CryptoSlate
CryptoSlate|Sep 09, 2026 15:18
Canaan posted a $97.6M quarterly loss as revenue missed guidance and mining-machine sales weakened. More than half its 1,915.5 BTC was pledged for loans at June 30. In August, it sold 54 BTC and 3,952 ETH for $13.9M, using part of the cash to buy back shares. https://cryptoslate.com/bitcoin-miner-manufacturer-canaan-sells-crypto-to-buy-back-shares-after-97-6-million-quarterly-loss/(CryptoSlate)
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