Canaan Q2 FY26 net loss widens to US$97.6 million; revenue falls 49.18% year over year to US$31.9 million - CAN News | RalliesCanaan Q2 FY26 net loss widens to US$97.6 million; revenue falls 49.18% year over year to US$31.9 million
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CAN• Q2 results and outlook
- Canaan posted a Q2 GAAP net loss of US$97.61 million, widening from US$11.06 million a year earlier.
- Revenue fell 68.2% year over year to US$31.86 million, led by products dropping to US$13.63 million from US$71.92 million.
- Operating loss widened to US$69.46 million from US$27.07 million, hurt by a US$25.3 million inventory-related write-down.
- Bitcoin mined totaled 243 BTC; crypto treasury ended at 1,915.50 BTC and 3,951.70 ETH.
- Outlook calls for Q3 revenue of US$11 million to US$15 million; 16.4 million ADSs were repurchased for US$7.4 million as of Sept. 8.
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