EconomyBitcoin miner Canaan sells crypto to fund share buybacks after $97 million loss
Bitcoin mining-equipment maker Canaan reported second-quarter revenue below guidance and a $97.6 million net loss. After quarter-end, it sold 3,952 ETH and 54 BTC for about $13.9 million, using part of the proceeds to repurchase shares.
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CryptoSlate★★☆☆☆2026-09-09 15:10Original
Bitcoin miner Canaan sells crypto to fund share buybacks after $97 million loss
Economy