Canaan Inc., a Singapore-based cryptocurrency mining equipment manufacturer, announced Wednesday it has landed its largest order in three years: more than 50,000 Avalon A15 Pro Bitcoin mining machines from an unnamed U.S. customer. The firm's shares, listed on Nasdaq under the ticker CAN, quickly spiked in price to a recent mark of $1.30, per Yahoo Finance—a 25% jump on the day, and the highest price seen since February. The purchase order, disclosed in a company statement, marks a notable milestone for ...

Canaan (CAN) announced in a press release that it has secured a U.S. purchase order for more than 50,000 Avalon A15 Pro bitcoin mining machines, marking the company’s largest single order over the past three years. The units are slated for delivery in Q4 2025. CAN shares surged over 20% in early morning trading hours. Get these headlines directly to your inbox: subscribe to Blockspace. Nangeng Zhang, chairman and CEO of Canaan, said the milestone order “reflects the robust resurgence of the U.S. market.” ...

Largest single order in the past three years includes more than 50,000 Avalon® A15 Pro bitcoin miners scheduled for delivery in fourth quarter 2025 Accessibility StatementSkip Navigation SINGAPORE, Oct. 2, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has secured a purchase order from a U.S.-based bitcoin miner for more than 50,000 of its latest-generation Avalon A15 Pro mining machines. Representing the largest order in th ...