The Mining Tools of Bitcoin Canaan (CAN) has assured its largest {hardware} order in three years, promoting greater than 50,000 of its Bitcoin A15 Professional A15 miners to a mining firm based mostly in the USA.
The machines will likely be despatched within the fourth quarter of 2025, mentioned the corporate based mostly in Singapore. The client’s identify was not appointed, though the acquisition scale factors to an vital mining operation.
“This Milestone order represents a major victory for Canaan and displays the strong resurgence of the US market,” mentioned CEO of Canaan, Nangeng Zhang, in a press release.
The order additionally factors to the continual bets of the miners within the business, even when the mining issue of the cryptocurrency rises to a brand new historic most. Canaan’s shares elevated 12% within the negotiation previous to the market after the information and nearly 18% rose in yesterday’s negotiation session.
Whereas reciprocal tariffs requested Asic miners of Chinese language and Canaan origin, throughout most of its historical past, it has been working from China, you possibly can keep away from these prices. The corporate operates amenities each in the USA and Malasia, which has taken benefit of a separate buy settlement with Cipher Mining.
The corporate didn’t specify which amenities will adjust to the order of fifty,000 AISC.
