Mining company Canaan reported a 121.1% year-over-year increase in revenue to $196 million in the fourth quarter, marking its highest quarterly revenue in nearly three years. Its Bitcoin mining revenue surged 98.5% year-over-year to $30.4 million, with Bitcoin holdings reaching 1,750 and Ethereum holdings reaching 3,950. Fourth-quarter hashrate sales increased by 60% year-over-year, reaching a total hashrate of 14.6 EH/s. Despite the financial growth, Canaan's stock price fell 6.87% to $0.56 on Tuesday. The company has received a delisting warning from Nasdaq due to its stock price falling below $1, requiring it to return to above $1 by July to maintain its listing status.