Canaan Inc. announced on January 6, 2025, that its US subsidiary has secured a purchase agreement with a new strategic US customer for 2800 air-cooled Avalon A15XP miners. These miners, with a hash performance of 207 TH/s, are set for delivery in Q1 2025 and will be integrated into the customer's large mining fleet.CEO Nangeng Zhang highlighted that this deal with a well-respected, vertically integrated Bitcoin firm demonstrates Canaan's commitment to developing world-class Bitcoin mining machines and their sales team's success in the North American market. The agreement underscores Canaan's expanding presence in the US Bitcoin mining sector and its ability to support clients' Bitcoin strategies.Canaan, established in 2013 and listed on Nasdaq in 2019, specializes in ASIC high-performance computing chip design, research and development, computing equipment production, and software services. The company has a history of innovation in the ASIC field, having shipped the world's first batch of ASIC-based Bitcoin mining machines under the Avalon brand in 2013.

Canaan Inc. announced on January 6, 2025, that its US subsidiary has secured a purchase agreement with a new strategic US customer for 2800 air-cooled Avalon A15XP miners. These miners, with a hash performance of 207 TH/s, are set for delivery in Q1 2025 and will be integrated into the customer's large mining fleet.CEO Nangeng Zhang highlighted that this deal with a well-respected, vertically integrated Bitcoin firm demonstrates Canaan's commitment to developing world-class Bitcoin mining machines and their sales team's success in the North American market. The agreement underscores Canaan's expanding presence in the US Bitcoin mining sector and its ability to support clients' Bitcoin strategies.Canaan, established in 2013 and listed on Nasdaq in 2019, specializes in ASIC high-performance computing chip design, research and development, computing equipment production, and software services. The company has a history of innovation in the ASIC field, having shipped the world's first batch of ASIC-based Bitcoin mining machines under the Avalon brand in 2013.