Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M

May 22, 2026 - 13:45
Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M
Make CryptoSlate preferred on The latest Canaan earnings also revealed a new split screen among Bitcoin mining’s best-known hardware suppliers: the company selling mining machines reported a much weaker quarter just as its own crypto holdings became harder to ignore. The ASIC maker said Q1 2026 revenue fell to $62.7 million, down from $196.3 million...

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