Canaan Secures Largest U.S. Order in Three Years for 50,000 Miners
Canaan (CAN), a Bitcoin mining equipment manufacturer, has secured its largest hardware order in three years, selling over 50,000 Avalon A15 Pro miners to an undisclosed U.S.-based mining firm.
The machines will be shipped in Q4 2025.
This order reflects a strong resurgence in the U.S. market, according to Canaan CEO Nangeng Zhang.
Despite rising Bitcoin mining difficulty, miners continue investing in the industry.
Canaan's shares rose by 12% pre-market and nearly 18% during the previous trading session.
The company may avoid tariffs on Chinese-sourced ASIC miners due to its facilities in the U.S. and Malaysia.
No specific facilities were mentioned for fulfilling the order.
