Canaan reports $31.9 million Q2 revenue and 243 BTC mined

Canaan (NASDAQ: CAN) reported its unaudited financial results for the second quarter of 2026, ending June 30. Total revenue reached $31.9 million, down from $62.7 million in Q1 and $100.2 million in the same period of 2025. The company recorded a net loss of $97.6 million and an adjusted EBITDA loss of $74.9 million. Canaan's self-mining hashrate reached 10.05 EH/s, with 243 BTC mined during the quarter. As of the reporting date, the company holds 1,915 BTC and 3,952 ETH in its cryptocurrency reserves.