Canaan Inc. reported its strongest quarterly earnings in three years, but its stock price fell 7% to $0.56 on Tuesday. According to reports, revenue in the fourth quarter increased by 121.1% year-on-year to $196.3 million, while Bitcoin mining revenue grew by 98.5% to $30.4 million. The company holds 1750 BTC and 3950 ETH. Despite record hash rate sales, the stock price has dropped 18.1% this year, and it is still a distance from recovering to the $1 target price set for July; otherwise, it may face the risk of being delisted from Nasdaq.

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