Canaan reported its strongest quarterly earnings in three years, yet its stock fell 7% to $0.56 on Tuesday. The company's Q4 revenue surged 121.1% year-over-year to $196.3 million, with Bitcoin mining revenue up 98.5% to $30.4 million. Canaan holds 1,750 BTC (approximately $120 million) and 3,950 ETH. Despite record hash rate sales of 14.6 EH/s this quarter, the stock has declined 18.1% this year, remaining below the $1 target needed by July to avoid Nasdaq delisting.