Canaan Shares Jump Over 12% as it Lands Largest U.S. Order in 3 Years
Bitcoin mining equipment maker Canaan (CAN) has secured its biggest hardware order in three years, selling over 50,000 of its Avalon A15 Pro bitcoin miners to a U.S.-based mining firm. The machines are set to ship in the fourth quarter of 2025, the Singapore-based company said. The name of the buyer wasn’t named, although the scale of the purchases points to a major mining operations. "This milestone order represents a significant win for Canaan and reflects the robust resurgence of the U.S. market,” C ...