Canaan Reports Q1 Loss Amid Nasdaq Delisting Risk
Bitcoin miner Canaan (Nasdaq: CAN) reported a $88.7 million net loss for the first quarter of 2026, with revenue dropping sharply due to declining Bitcoin prices and reduced demand for mining equipment. The stock fell over 13% following the results as it remains below Nasdaq's minimum price requirement.
Topics: Bitcoin mining Nasdaq delisting threat stock decline