Canaan Inc., a leading provider of high-performance computing solutions, has secured a follow-on order from HIVE Digital Technologies Ltd for 5,000 Avalon A15-194T miners. This order, expected to be delivered in Q1 2025, follows a previous order in November 2024 for 6,500 Avalon A1566 miners. Canaan's CEO, Nangeng Zhang, expressed gratitude for HIVE's continued partnership and their commitment to expanding Bitcoin mining operations with a focus on ESG initiatives. The A15-194T miners boast an average computing power of 194 TH/s, representing Canaan's dedication to product development and market research. Canaan, established in 2013 and listed on the NASDAQ Global Market in 2019, is known for its ASIC high-performance computing chip design and production. The company's forward-looking statements in the announcement highlight its strategic plans and acknowledge the inherent risks and uncertainties in the cryptocurrency industry.

Canaan Inc., a leading provider of high-performance computing solutions, has secured a follow-on order from HIVE Digital Technologies Ltd for 5,000 Avalon A15-194T miners. This order, expected to be delivered in Q1 2025, follows a previous order in November 2024 for 6,500 Avalon A1566 miners. Canaan's CEO, Nangeng Zhang, expressed gratitude for HIVE's continued partnership and their commitment to expanding Bitcoin mining operations with a focus on ESG initiatives. The A15-194T miners boast an average computing power of 194 TH/s, representing Canaan's dedication to product development and market research. Canaan, established in 2013 and listed on the NASDAQ Global Market in 2019, is known for its ASIC high-performance computing chip design and production. The company's forward-looking statements in the announcement highlight its strategic plans and acknowledge the inherent risks and uncertainties in the cryptocurrency industry.