Canaan reported second-quarter 2026 revenue of $31.9 million on Sept. 8, below its May guidance of $35 million to $45 million, as product revenue fell to $13.6 million from $42.9 million in the first quarter. The company bought 108 BTC during the quarter, bringing holdings to 1,915.5 BTC valued in the reported treasury disclosures at approximately $150 million overall, although much of the balance was pledged for loans or held in a fixed-term product. Canaan held $66 million in cash at June 30 and forecast third-quarter revenue of $11 million to $15 million.