Canaan has entered into a purchase agreement with new customer CleanSpark Inc. for 3,800 Avalon A1566I Immersion Cooling Miners. The miners, featuring an average compute power of 249 Terahash per second without overclocking, are scheduled for delivery in Q4 2024.The partnership marks a significant expansion of Canaan's presence in the North American mining market. CleanSpark, known for operating one of the industry's highest-performing and most power-efficient mining fleets, will integrate these immersion-cooled miners into their advanced facilities, strengthening both companies' positions in the Bitcoin mining sector.

Canaan has entered into a purchase agreement with new customer CleanSpark Inc. for 3,800 Avalon A1566I Immersion Cooling Miners. The miners, featuring an average compute power of 249 Terahash per second without overclocking, are scheduled for delivery in Q4 2024.The partnership marks a significant expansion of Canaan's presence in the North American mining market. CleanSpark, known for operating one of the industry's highest-performing and most power-efficient mining fleets, will integrate these immersion-cooled miners into their advanced facilities, strengthening both companies' positions in the Bitcoin mining sector.