- Canaan has secured its largest Bitcoin mining hardware order in three years.
- Over 50,000 Avalon A15 Pro miners will be shipped to a U.S.-based mining company from Singapore in late 2025.
- The identity of the U.S. buyer was not disclosed but suggests a significant mining operation.
- This order coincides with increased mining difficulty for bitcoin and has lifted Canaan‘s stock price.
- Canaan may avoid tariffs by utilizing manufacturing facilities outside China, though specific production locations were not confirmed.
Canaan, a company specializing in bitcoin mining equipment, has received its largest hardware order in three years. The Singapore-based firm will supply more than 50,000 Avalon A15 Pro bitcoin miners to a mining operation in the United States. Delivery of the machines is expected in the fourth quarter of 2025.
According to an official statement, Canaan did not reveal the buyer’s name, but the scale of the order indicates it is a major participant in the sector. Canaan CEO Nangeng Zhang said, “This milestone order represents a significant win for Canaan and reflects the robust resurgence of the U.S. market.”
The announcement comes even as bitcoin mining continues to get more challenging, with mining difficulty reaching an all-time high. Following the news, shares of Canaan climbed by 12% in pre-market trading and ended the previous trading session up by nearly 18%.
Tariffs currently apply to Chinese-sourced application-specific integrated circuit (ASIC) miners, which are special devices designed for cryptocurrency mining. While Canaan has historically operated from China, the company also runs manufacturing facilities in the United States and Malaysia. It has previously used these facilities to fulfill a separate purchase agreement with Cipher Mining. The company did not indicate which of its global locations will be responsible for producing the 50,000-unit order.
This large-scale deal signals industry confidence in the future of bitcoin mining despite rising operational challenges. Further details about the buyer or precise production plans were not made available. For official information, readers can refer to the company’s announcement here.
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