Canaan Reports Q1 Miss and Weak Q2 Guidance, Shares Drop
Canaan Inc.'s shares fell nearly 10% in premarket trading after the crypto miner reported a wider-than-expected loss for Q1 2026 and issued sharply weaker revenue guidance for Q2. The company's quarterly revenue declined year-over-year by 24%, while its projected second-quarter revenue was significantly below analyst expectations.
Tickers: $CAN
Topics: crypto losses mining revenue_decline