Canaan Inc. (CAN) reported that its fourth quarter net loss narrowed to RMB 72.0 million from a loss of RMB 798.2 million, prior year. Non-GAAP adjusted net loss narrowed to RMB 73.1 million from a loss of RMB 750.5 million. Net loss per ADS was RMB 0.46 compared to a loss of RMB 5.34.
Fourth quarter total net revenues decreased to RMB 38.2 million from RMB 463.2 million, prior year. Total computing power sold was 0.2 million Thash/s, a year-over-year decrease of 93.1%.
The company anticipates its revenue will be substantially improved in 2021 and expects that first quarter total net revenues will be not less than RMB 400.0 million.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.