Canaan Inc. Q3 revenue was US dollar 14.5 million, with a net profit of US dollar 8 million.

Canaan Inc.—the Bitcoin mining hardware manufacturer—on November 6 released its unaudited financial results for the third quarter of fiscal year 2026, ended September 30 (per PR Newswire). Total revenue for the quarter amounted to $14.5 million, broken down as follows: product revenue of $4.8 million, mining revenue of $9.5 million, and other revenue of $0.3 million. Gross loss stood at $8.6 million, and operating loss totaled $42.9 million. Notably, the company posted a net profit of $8 million for the quarter—marking a significant improvement over the net loss of $97.6 million in the prior quarter and the net loss of $27.7 million in the same period of fiscal year 2025. Non-GAAP adjusted EBITDA was $22.4 million. As of September 30, Canaan held 1,875.5 BTC and had total cash and restricted cash of $72.8 million.