CryptoThe Blockabout 1 hour ago
Canaan Revenue Plunges 90% to $14.5 Million
2 min read
Canaan Inc. reported Q3 2025 revenue of $14.5 million, a 90% drop from $150.5 million a year earlier, driven by a 96% decline in mining equipment sales to $4.8 million. Despite an $8 million net profit from crypto holdings, the operating loss widened to $42.9 million.
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