Earnings

Canaan sells crypto for share buybacks following $97M loss

Canaan reported a $97.6 million net loss and missed revenue forecasts for the second quarter of 2026, leading the Bitcoin mining equipment manufacturer to liquidate crypto assets for share buybacks.

Sphere 3D faces $2.2M tariff claim totaling 77% of cash

Cryptocurrency mining firm Sphere 3D faces a potential $2.2 million US tariff claim on 2022 Bitcoin mining hardware after customs classified the machinery as Chinese goods. The company plans to contest the ruling amid liquidity pressures.

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