Canaan Inc. has secured a purchase order order from a U.S.-based bitcoin miner for greater than 50,000 of its newest Avalon A15 Professional mining machines, marking its largest order in three years.
Canaan Inks Deal for Over 50,000 Models
The Nasdaq-listed firm introduced the milestone settlement earlier this week, which it says factors to the power of its know-how and shared confidence within the long-term progress of the bitcoin mining sector.
This important demand highlights the market’s ongoing shift towards extremely environment friendly, next-generation mining infrastructure. “This milestone order represents a big win for Canaan and displays the strong resurgence of the U.S. market,” Nangeng Zhang, chairman and CEO of Canaan remarked.
He emphasised the corporate’s give attention to constructing long-term partnerships and delivering machines that present a powerful return on funding. The Avalon A15 Professional is Canaan’s latest era bitcoin mining machine. The air-cooled A15 Professional delivers round 221 terahash per second (TH/s).
In an trade the place energy prices are a major financial issue, these attributes are crucial for institutional miners looking for aggressive operational benefits. The information has produced a notable surge within the firm’s inventory. Shares of Canaan, which trades on the Nasdaq underneath the ticker CAN, are up roughly 90% this month.
This huge-scale buy alerts continued institutional funding in bitcoin mining capability. It factors to a strategic give attention to upgrading to extra environment friendly {hardware} to enhance profitability and sustainability in a aggressive market.
