Canaan's Revenue Plunge and $148M BTC-ETH Treasury
— CryptoSlate
Canaan grows BTC and ETH treasury amid revenue decline.
Canaan's Q1 earnings show a revenue drop, but BTC and ETH treasury reaches $148 million.
- Canaan's Q1 revenue fell to $62.7 million.
- BTC and ETH treasury hit $148 million.
- Mining equipment demand weakens.
Canaan's revenue drop reflects weakening mining equipment demand, while growing BTC and ETH treasury impacts financial balance.