Canaan secures massive 50,000-rig order, signaling institutional confidence in Bitcoin mining
Canaan Inc. announced its largest sale in over three years: 50,000 "Avalon A15 Pro" mining machines to an undisclosed US-based company. This significant deal underscores strong institutional belief in Bitcoin mining's long-term viability and highlights growing demand for efficient infrastructure in the US, the world's largest mining hub.
Canaan's CEO, Nangeng Zhang, stated the sale reflects confidence in the sector's "long-term growth." Despite Canaan's shares surging over 26% on the news, they show a mixed performance year-to-date, reflecting the market's volatility.
The Bitcoin mining landscape faces increasing difficulty and pressure from halving events, driving consolidation among large institutional miners. However, solo miners occasionally achieve remarkable successes, demonstrating the network's decentralized potential. This landmark deal suggests major players remain bullish on securing the Bitcoin network's future.


Cryptovka
Canaan
Canaan Inc., a leading crypto mining hardware manufacturer, saw its shares surge by over 26% in early trading following the announcement of a monum...








