NASDAQ:CAN

Canaan Stock Drops After Q1 Loss Widens — Why CAN Is Under Pressure Now
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Canaan Stock Drops After Q1 Loss Widens — Why CAN Is Under Pressure Now

Canaan shares fell 5.3% to $0.4127 in late-morning Nasdaq trading Thursday after the company reported a first-quarter net loss of $88.7 million and forecast weaker Q2 revenue of $35 million to $45 million. First-quarter revenue dropped to $62.7 million from $196.3 million in the prior quarter. Trading volume reached 3.8 million shares. Several bitcoin-mining peers rose.
May 21, 2026

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