CAN Stock Discussion (Canaan Inc.)

Canaan sells its remaining ether holdings and directs cash toward buybacks

Canaan ($CAN) mined 44 bitcoin during its latest monthly reporting period and ended it with 1,868 BTC. The company sold all 3,952 ether in its treasury, together with 54 bitcoin, generating approximately $13.9 million. Average selling prices were about $2,400 per ether and $79,000 per bitcoin. The transactions leave Canaan without an ether balance while maintaining a substantial bitcoin holding. Part of the proceeds supported $13.6 million in American depositary share repurchases, bringing year-

CAN

@tickerstat1 month ago

Canaan reports quarterly net loss of almost $98 million

Canaan ($CAN) generated $31.9 million in second-quarter 2026 revenue, including $17.7 million from mining. Its net loss widened to $97.6 million from $11.1 million a year earlier. Inventory write-downs, equipment impairments and a decline in the fair value of crypto assets were among the factors weighing on results. The company mined 243 BTC during the quarter. Sources: Canaan — unaudited second-quarter results