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3h ago

Canaan Lands Largest U.S. Order in Three Years for 50,000+ Avalon A15 Pro Miners

An undisclosed U.S. miner placed the order with shipments slated for the fourth quarter, lifting Canaan's stock.

Canaan shares jump over 12% as it lands largest u.s. order in 3 years
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Overview

  • Canaan confirmed a purchase order exceeding 50,000 Avalon A15 Pro machines with deliveries planned for the fourth quarter of 2025.
  • Shares of Canaan rose about 12% in pre-market trading after the announcement and had gained nearly 18% in the previous session.
  • The customer was identified only as a U.S.-based bitcoin mining firm, and the company did not disclose the buyer's name.
  • Canaan describes the A15 Pro as its latest-generation unit emphasizing energy efficiency, reliability, and high uptime for institutional operators.
  • The company did not specify which factories will fulfill the order; its facilities in the U.S. and Malaysia could affect tariff exposure for the units.