Canaan has secured a follow-on purchase agreement with HIVE Digital Technologies for 5,000 Avalon A15-194T Bitcoin miners, featuring 194 TH/s computing power per unit. The delivery is scheduled for the first quarter of 2025, complementing HIVE's previous November order of 6,500 Avalon A1566 miners.The A1566, Canaan's second generation of 1xJ/T series products, represents an advancement in mining technology with enhanced power efficiency and reliability. This follow-up order demonstrates HIVE's strategic commitment to expanding its Bitcoin mining operations while maintaining focus on ESG initiatives, including green energy integration and heat recovery.HIVE's operations span across nine time zones and five languages, with a power-first approach aimed at building flexible energy infrastructure for future technological developments. The company's strategy aligns with the growing demand for AI computing capacity while maintaining sustainable mining practices.

Canaan has secured a follow-on purchase agreement with HIVE Digital Technologies for 5,000 Avalon A15-194T Bitcoin miners, featuring 194 TH/s computing power per unit. The delivery is scheduled for the first quarter of 2025, complementing HIVE's previous November order of 6,500 Avalon A1566 miners.The A1566, Canaan's second generation of 1xJ/T series products, represents an advancement in mining technology with enhanced power efficiency and reliability. This follow-up order demonstrates HIVE's strategic commitment to expanding its Bitcoin mining operations while maintaining focus on ESG initiatives, including green energy integration and heat recovery.HIVE's operations span across nine time zones and five languages, with a power-first approach aimed at building flexible energy infrastructure for future technological developments. The company's strategy aligns with the growing demand for AI computing capacity while maintaining sustainable mining practices.