Canaan's Singapore subsidiary has entered into a purchase agreement with AGM Group Holdings Inc. for its Avalon A15 Hydro Bitcoin mining machines. The initial order comprises 2,000 units, with an option for AGMH to acquire approximately 30,000 additional mining units, potentially providing a combined power capacity of up to 300 megawatts.The Avalon Miner A15 Hydro is designed to enhance mining performance and equipment lifespan while reducing energy consumption and noise pollution, aligning with Canaan's ESG strategy. The agreement marks another step in Canaan's global expansion efforts through its partnership with AGMH, an integrated technology company specializing in fintech software services and high-performance computing equipment production.

Canaan's Singapore subsidiary has entered into a purchase agreement with AGM Group Holdings Inc. for its Avalon A15 Hydro Bitcoin mining machines. The initial order comprises 2,000 units, with an option for AGMH to acquire approximately 30,000 additional mining units, potentially providing a combined power capacity of up to 300 megawatts.The Avalon Miner A15 Hydro is designed to enhance mining performance and equipment lifespan while reducing energy consumption and noise pollution, aligning with Canaan's ESG strategy. The agreement marks another step in Canaan's global expansion efforts through its partnership with AGMH, an integrated technology company specializing in fintech software services and high-performance computing equipment production.