Cointelegraph

Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline

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.

Read the full article on Cointelegraph

Opens in a new tab. Cointrackx tracks this click for statistics.

Partner

Sponsored • Award Winner

Finst named Best Crypto Platform 2025

Awarded the IEX Golden Bull for security, costs, and selection.

Free €20,- Bitcoin

Related news

NewsBTC

Bitcoin’s Quantum Transition Won’t Stop at Bitcoin

Coinpaper

Nasdaq, Verizon and Broadcom Push Back Against Tokenized Stocks & Nine US Companies Reject Trading Plan

The Block

Cysic suspends bridge after attacker mints tokens and moves $727,000 to Ethereum