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Canaan reports $88.7M Q1 2026 net loss while revenue meets $62.7M guidance
Canaan posted an $88.7 million net loss in the first quarter of 2026 while reporting $62.7 million in revenue that matched its previously issued guidance range. The company said its crypto treasury stood at 1,807.60 BTC and 3,951.53 ETH as of March 31, and it produced 257 BTC during the quarter.