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[Canaan Technology Q1 Revenue $62.7 Million, Loss $88.7 Million] According to Canaan Technology's Q1 2026 financial report, the company reported revenue of $62.7 million and a net loss of $88.7 million. As of March 31, cryptocurrency reserves reached 1,807.60 BTC and 3,951.53 ETH, hitting a record high. The total computing power of ten joint mining projects was approximately 11 EH/s, a quarter-over-quarter increase of 10.7%, producing 257 BTC. The company acquired a 49% stake in Cipher Mining's Texas ABC project, with a computing power of approximately 4.4 EH/s. In Northern Europe, the company deployed a "computing power to thermal energy" project with a total capacity of about 8 megawatts. Q2 revenue is expected to range between $35 million and $45 million.