Overview

• The purchase covers more than 50,000 Avalon A15 Pro rigs, with delivery scheduled for the fourth quarter of 2025.
• The buyer is an undisclosed U.S.-based mining firm, and Canaan has not specified which manufacturing sites will fulfill the order.
• Canaan shares spiked roughly 25% intraday after the announcement, according to market data cited by multiple outlets.
• Coverage links the deal to rising institutional investment as bitcoin approaches $120,000 and mining difficulty sets fresh highs.
• Canaan’s footprint in the United States and Malaysia could help mitigate U.S. tariffs on China-made ASICs, a consideration noted in reports.