Singapore's Canaan Inc Q2 revenue drops, net loss widens on weak bitcoin prices

OverviewSingapore bitcoin mining equipment maker's Q2 revenue fell sharply year-over-year amid weak bitcoin pricesQ2 pretax loss missed analyst expectationsCompany repurchased 16.4 mln ADSs for $7.4 mln using proceeds from digital asset salesOutlookCanaan expects Q3 2026 total revenue between $11 ml…