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Canaan reports $97.6M Q2 2026 net loss amid Bitcoin decline

Canaan Inc. reported a net loss of $97.6 million for Q2 2026, widening from a $11.1 million loss previously, as Bitcoin prices declined.

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Canaan Inc., one of the biggest names in Bitcoin mining hardware, reported a net loss of $97.6 million for Q2 2026, widening sharply from the $11.1 million loss reported in the prior period.

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