Canaan's Singapore subsidiary has secured a significant purchase agreement with HIVE Digital Technologies for 6,500 Avalon A1566 miners, featuring 185 TH/s computing power per unit. The initial delivery of 500 miners is ready for immediate installation, with the remaining 6,000 units scheduled for monthly shipments of 1,500 from December 2024 through March 2025.The Avalon Miner A1566, Canaan's second generation of 1xJ/T series products, represents an advancement in mining technology with enhanced power efficiency and performance capabilities. The development stems from Canaan's market research and continued investment in product development, aiming to provide more reliable mining operations.

Canaan's Singapore subsidiary has secured a significant purchase agreement with HIVE Digital Technologies for 6,500 Avalon A1566 miners, featuring 185 TH/s computing power per unit. The initial delivery of 500 miners is ready for immediate installation, with the remaining 6,000 units scheduled for monthly shipments of 1,500 from December 2024 through March 2025.The Avalon Miner A1566, Canaan's second generation of 1xJ/T series products, represents an advancement in mining technology with enhanced power efficiency and performance capabilities. The development stems from Canaan's market research and continued investment in product development, aiming to provide more reliable mining operations.