Alvin Lang
Oct 04, 2025 03:49
Canaan Inc. (NASDAQ: CAN) secures a major U.S. order for over 50,000 Avalon A15 Professional miners, marking a pivotal second within the Bitcoin mining sector’s resurgence.
Canaan Inc. (NASDAQ: CAN), a outstanding participant within the cryptocurrency mining {industry}, has introduced a landmark buy order from a U.S.-based Bitcoin mining firm, in keeping with PR Newswire. This order consists of greater than 50,000 models of Canaan’s newest Avalon A15 Professional miners, marking the biggest single order the corporate has obtained previously three years.
Significance of the Order
The substantial order underscores Canaan’s technological prowess and the rising demand for superior mining infrastructure. The Avalon A15 Professional is famend for its industry-leading effectivity and reliability, important elements within the aggressive Bitcoin mining panorama. As energy prices and effectivity proceed to form mining economics, the A15 Professional gives institutional miners a aggressive edge with its superior uptime efficiency.
Strategic Implications
Nangeng Zhang, Chairman and CEO of Canaan, highlighted the order’s significance, stating that it displays the strong resurgence of the U.S. Bitcoin mining market. Zhang emphasised Canaan’s dedication to fostering long-term partnerships within the U.S. and delivering high-quality mining infrastructure worldwide. This order not solely strengthens Canaan’s market place but in addition reaffirms its dedication to innovation and buyer assist.
About Canaan Inc.
Based in 2013, Canaan Inc. focuses on ASIC high-performance computing chip design and the manufacturing of computing gear. Notably, Canaan was the pioneer in transport the primary batch of ASIC-based mining machines below the Avalon model. The corporate’s public itemizing on the Nasdaq International Market in 2019 marked a major milestone in its development trajectory.
Trying Forward
This record-setting order positions Canaan as a trusted companion for large-scale mining operations globally. Because the Bitcoin mining sector continues to recuperate and increase, Canaan’s technological developments and strategic partnerships will probably play an important position in shaping the {industry}’s future.
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