Canaan Inc. has secured an order e book from the US-based Bitcoin Miner for over 50,000 of its newest Avalon A15 Professional Mining Machines, marking its largest order in three years.
Canaan ink handles over 50,000 items
The NASDAQ-registered firm introduced the milestone settlement earlier this week. This refers back to the power of its expertise and states that it shares confidence within the long-term progress of the Bitcoin mining sector.
This important demand highlights the market's continued shift in direction of extremely environment friendly next-generation mining infrastructure. “This milestone order represents a significant victory for Canaan and displays the sturdy resurgence of the U.S. market,” stated Nangen Zhang, Canaan Chairman and CEO.
He emphasised that they’re centered on constructing long-term partnerships and delivering machines that supply a robust return on funding. Avalon A15 Professional is Canaan's newest Bitcoin mining machine. The air-cooled A15 Professional delivers roughly 221 Terahash per second (TH/S).
In an trade the place energy prices are a key financial driver, these attributes are essential to institutional miners searching for aggressive operational benefits. This information brought on a notable spike within the firm's inventory. Canaan inventory, which trades on the Nasdaq beneath the ticker Can, is up about 90% this month.
This huge purchase sign continued institutional funding in Bitcoin mining capability. It factors to a concentrate on upgrading to extra environment friendly {hardware} to enhance profitability and sustainability in a aggressive market.
