Canaan at a Crossroads: Record Operational Results Shadowed by Delisting Risk
Paradoxical decline: robust quarterly performance meets a cold marketCanaan reported its strongest quarter in three years, yet investors turned decisively away. In Q4 the company posted revenue of $196.3 million, a year‑over‑year increase of 121.1%, driven by record shipments of mining equipment and improved mining operations. Sales of Bitcoin mining rigs rose sharply and Canaan…