---
title: "Canaan’s Q3 revenue plunges 90% to $14.5 million as bitcoin mining hardware sales slump"
url: https://thecoingazette.com/canaans-q3-revenue-plunges-90-to-14-5-million-as-bitcoin-mining-hardware-sales-slump/
date: 2026-11-10
modified: 2026-11-10
lang: en
author: "Coin Gazette Editorial"
description: "Canaan's Q3 revenue fell 90% to $14.5 million, though cryptocurrency and derivatives gains supported an $8 million profit."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 18
---

# Canaan’s Q3 revenue plunges 90% to $14.5 million as bitcoin mining hardware sales slump

Canaan's Q3 revenue fell 90% to $14.5 million, though cryptocurrency and derivatives gains supported an $8 million profit.