Key Highlights: Canaan posted a GAAP net income of US$7.96 million for Q3 2026, though the underlying business incurred an operating loss of US$42.9 million alongside a 90.3% year-over-year revenue plunge to US$14.5 million. Out of Canaan’s 1,875.5 Bitcoin treasury, approximately two-thirds are encumbered—with 1,258 Bitcoin pledged as collateral for secured term loans and 100 ...
Key Highlights: American Bitcoin swung to a net profit of approximately $126 million in Q3, fueled by a $197.3 million non-cash fair value gain on its digital asset portfolio. Operational mining challenges intensified as production dropped to roughly 891 Bitcoin and per-coin mining costs climbed from $36,500 to roughly $42,100 due to seasonal power spikes. ...
Key Highlights: Circle reported third-quarter net income from continuing operations of $226 million, marking a 5% increase year-over-year. Adjusted earnings per share reached 84 cents, surging 127% past Wall Street forecasts, while revenue climbed past expectations to $778 million. The firm incurred a $9.1 million restructuring charge tied to a 5% workforce reduction aimed at ...
Key Highlights: Strategy expanded its massive digital asset portfolio to 848,517 BTC after acquiring $14.33 billion in Bitcoin in 2026. Coinbase reported a third-quarter net profit of $719 million and an adjusted EBITDA of $333 million, extending its positive EBITDA streak to 15 quarters. Coinbase’s diversified revenue model reached a major milestone, with subscription and ...
Key Highlights: Galaxy rebounded to an adjusted EBITDA of $455 million, driven primarily by a $419 million mark-to-market gross profit swing in its Treasury & Corporate portfolio. The Data Centers unit emerged as an infrastructure powerhouse, generating $79 million in adjusted gross profit as capital allocation to the segment climbed to 48% of total equity ...