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.
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Nangeng Zhang, chairman and CEO of Canaan, said the milestone order “reflects the robust resurgence of the U.S. market.”
The Avalon A15 Pro series are designed to help large-scale operators maintain competitive mining economics. Each A15 Pro offers 218 TH/s, meaning the 50,000 unit order constitutes about 10.9 EH/s once deployed.
Read More: Canaan Q2 revenue rises 39.5% to $100.2 million, reports record mining income
At time of publication, CAN is up 27% from yesterday’s close.
TheMinerMag was first to report on this story.
