Canaan posts $97.6 million loss for Q2 2026
- —Net loss of $97.6 million versus $11.1 million a year earlier
- —Revenue of $31.9 million: down 68% year-on-year and 49% quarter-on-quarter
- —Inventory write-down of $25.3 million, gross loss of $29.3 million
- —Treasury: 1,915.5 BTC and 3,951.7 ETH, with 243 BTC mined in the quarter
Why it matters: Falling demand for ASIC miners and Canaan's weak guidance signal pressure across the mining sector amid low bitcoin prices.
Source: Crypto Briefing