Canaan Inc. has secured orders from over 50,000 US-based Bitcoin Miner of its latest Avalon A15 Pro Mining Machines, marking its biggest order in three years.
Canaan ink handles over 50,000 units
The NASDAQ-registered company announced its milestone agreement earlier this week. It refers to the strength of its technology and says it shares trust in the long-term growth of the Bitcoin mining sector.
This critical demand highlights the continued shift in the market towards highly efficient next-generation mining infrastructure. “This milestone order represents a major victory for Canaan and reflects a robust revival of the US market,” said Nangen Chan, chairman and CEO of Canaan.
He emphasized his focus on building long-term partnerships and delivering machines that provide a strong return on investment. The Avalon A15 Pro is Canaan's latest Bitcoin mining machine. The air-cooled A15 Pro offers approximately 221 Terahash (TH/S) per second.
In industries where electricity costs are the main economic factors, these attributes are important for institutional miners seeking competitive operational benefits. The news has led to a noticeable surge in the company's stock. Canaan's shares trading on the Nasdaq under the ticker cans have risen about 90% this month.
This massive purchase signal continued its institutional investment in Bitcoin mining capabilities. This points to focus on upgrading to more efficient hardware to improve profitability and sustainability in highly competitive markets.
