Bitcoin Magazine reports that Canaan (CAN) achieved an $8 million profit due to a $51.9 million fair-value gain, despite a dramatic decline in mining-machine sales, which fell to $4.8 million from $118.6 million a year prior. This shift turned an operating loss into net income for the company.
Based on the Bitcoin Magazine report; not independently verified.
Source published: Tue, 10 Nov 2026 17:15:25 +0000
[Read the original report](https://bitcoinmagazine.com/news/canaan-can-swings-8-million-profit)
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