Canaan Inc. Reports Unaudited Third Quarter 2026 Financial Results

Canaan Inc. reported unaudited third-quarter 2026 revenue of US$14.5 million, including US$4.8 million from product sales and US$9.5 million from mining operations. It posted net profit of US$8 million, reversing net losses of US$97.6 million in the second quarter of 2026 and US$27.7 million in the year-earlier quarter. Revenue reached the upper end of management’s guidance despite challenges in the bitcoin mining equipment market and intense competition.