Canaan Inc. has acquired buy orders for greater than 50,000 new Avalon A15 Professional mining machines from the US-based Bitcoin Miner, making it the biggest order within the final three years.
Canaan Inks begins buying and selling greater than 50,000 items
The Nasdaq listed firm introduced a milestone settlement earlier this week, claiming its power in expertise and a typical confidence within the long-term development of its Bitcoin mining division.
This excessive demand highlights the continued market transition to extremely environment friendly next-generation mining infrastructure. “This groundbreaking order is a serious victory for Canaan and displays the sturdy revival of the US market,” mentioned Nangen Chan, chairman and CEO of Canaan.
He emphasised that the corporate is targeted on constructing long-term partnerships and offering machines that present a excessive return on funding. The Avalon A15 Professional is Canaan’s newest era of Bitcoin mining machine. The air-cooled A15 Professional delivers roughly 221 terrahash (TH/s) per second.
In industries the place electrical energy prices are the principle financial drivers, these traits are extraordinarily essential for institutional miners searching for aggressive operational advantages. The information has triggered the corporate’s inventory worth to rise considerably. Canaan’s inventory worth, which is buying and selling on the Nasdaq market below the ticker “CAN,” has risen about 90% this month.
This huge buy suggests a unbroken institutional funding in Bitcoin’s mining capabilities. This demonstrates a strategic give attention to upgrading to extra environment friendly {hardware} to enhance profitability and sustainability in a aggressive market.
