Canaan Inc. Secures A15XP Order from New United States Customer
Canaan Inc. (NASDAQ: CAN) has secured a significant new order through its U.S. subsidiary for 2,800 Avalon A15XP miners from a new strategic U.S. customer. The air-cooled miners, featuring a hash performance of 207 Terahash per second (TH/s), will be integrated into the customer's existing large mining fleet. The delivery is scheduled for the first quarter of 2025. This deal marks an expansion of Canaan's North American market presence and demonstrates the company's capability in developing high-performance Bitcoin mining solutions.
Canaan Inc. (NASDAQ: CAN) ha ottenuto un nuovo ordine significativo tramite la sua filiale statunitense per 2.800 miner Avalon A15XP da un nuovo cliente strategico negli Stati Uniti. I miner raffreddati ad aria, con una performance di hash di 207 Terahash al secondo (TH/s), saranno integrati nella flotta di mining esistente del cliente. La consegna 猫 prevista per il primo trimestre del 2025. Questo accordo segna un'espansione della presenza di Canaan nel mercato nordamericano e dimostra la capacit脿 dell'azienda di sviluppare soluzioni di mining Bitcoin ad alte prestazioni.
Canaan Inc. (NASDAQ: CAN) ha asegurado una nueva orden significativa a trav茅s de su subsidiaria estadounidense para 2.800 mineros Avalon A15XP de un nuevo cliente estrat茅gico en Estados Unidos. Los mineros refrigerados por aire, con un rendimiento de hash de 207 Terahash por segundo (TH/s), se integrar谩n en la flota de miner铆a existente del cliente. La entrega est谩 programada para el primer trimestre de 2025. Este acuerdo marca una expansi贸n de la presencia de Canaan en el mercado norteamericano y demuestra la capacidad de la empresa para desarrollar soluciones de miner铆a de Bitcoin de alto rendimiento.
Canaan Inc. (NASDAQ: CAN)電� 氙戈淡 鞛愴殞靷ゼ 韱淀暣 2,800臧滌潣 Avalon A15XP 毂勱荡旮�鞐� 雽�頃� 欷戩殧頃� 靸堧鞖� 欤茧鞚� 須嶋摑頄堨姷雼堧嫟. 鞚� 靸堧鞖� 鞝勲灥鞝� 氙戈淡 瓿犼皾鞙茧攵�韯办潣 欤茧鞛呺媹雼�. 瓿惦儔鞁� 毂勱荡旮半姅 齑堧嫻 207 韰岆澕頃挫嫓 (TH/s)鞚� 頃挫嫓 靹彪姤鞚� 鞛愲瀾頃橂┌, 瓿犼皾鞚� 旮办〈 雽�攴滊 毂勱荡 頃寑鞐� 韱淀暕霅� 鞓堨爼鞛呺媹雼�. 氚办啞鞚� 2025雲� 1攵勱赴搿� 鞓堨爼霅橃柎 鞛堨姷雼堧嫟. 鞚措矆 瓿勳暯鞚� Canaan鞚� 攵侂 鞁滌灔 歆勳稖鞚� 頇曥灔頃橂姅 鞚橂毳� 臧�歆�氅�, 須岇偓鞚� 瓿犾劚電� 牍勴姼旖旍澑 毂勱荡 靻旊（靺� 臧滊皽 電ル牓鞚� 氤挫棳欷嶋媹雼�.
Canaan Inc. (NASDAQ: CAN) a obtenu une nouvelle commande significative via sa filiale am茅ricaine pour 2 800 mineurs Avalon A15XP d'un nouveau client strat茅gique aux 脡tats-Unis. Les mineurs 脿 refroidissement par air, pr茅sentant des performances de hachage de 207 Terahash par seconde (TH/s), seront int茅gr茅s dans la flotte de mining existante du client. La livraison est pr茅vue pour le premier trimestre de 2025. Cet accord marque une expansion de la pr茅sence de Canaan sur le march茅 nord-am茅ricain et d茅montre la capacit茅 de l'entreprise 脿 d茅velopper des solutions de mining Bitcoin de haute performance.
Canaan Inc. (NASDAQ: CAN) hat 眉ber seine US-Tochtergesellschaft einen bedeutenden neuen Auftrag f眉r 2.800 Avalon A15XP-Miner von einem neuen strategischen Kunden in den USA erhalten. Die luftgek眉hlten Miner, die eine Hash-Leistung von 207 Terahash pro Sekunde (TH/s) aufweisen, werden in die bestehende gro脽e Mining-Flotte des Kunden integriert. Die Lieferung ist f眉r das erste Quartal 2025 geplant. Dieser Deal markiert eine Erweiterung von Canaans Pr盲senz auf dem nordamerikanischen Markt und demonstriert die F盲higkeit des Unternehmens, leistungsstarke Bitcoin-Mining-L枚sungen zu entwickeln.
- Secured new strategic U.S. customer, expanding market presence
- Large order of 2,800 A15XP miners
- Entry into established mining operation with large fleet
- Strengthening North American market position
- Delivery scheduled for Q1 2025 indicates delayed revenue recognition
- High dependency on single large order
Insights
The secured order for 2800 Avalon A15XP miners represents a meaningful business win in the competitive North American market. At 207 TH/s per unit, this deployment will add approximately 579.6 PH/s to the customer's hashrate capacity. While the exact revenue impact isn't disclosed, using current market prices for comparable miners, this order likely represents a deal value between
The timing is particularly strategic as we approach the Bitcoin halving event expected in April 2025. The A15XP's efficiency specifications position it well for post-halving economics when power efficiency becomes even more critical. This new U.S. customer acquisition also indicates Canaan's successful market diversification beyond traditional Chinese markets, important for reducing geopolitical risks.
For investors, this deal carries threefold significance: 1) It demonstrates product competitiveness in a sophisticated market, 2) It suggests improving sales momentum in North America where margins are typically higher and 3) It helps reduce customer concentration risk by expanding the client base. The Q1 2025 delivery timeline also indicates healthy order visibility for the upcoming quarter.
This deal marks a strategic expansion in Canaan's U.S. market penetration strategy. The American mining market is particularly attractive due to its stable regulatory environment, robust power infrastructure and access to capital markets. The addition of a new "well-respected, vertically integrated" customer suggests this isn't just a one-off sale but potentially the beginning of a longer-term relationship.
Looking at market dynamics, Canaan is positioning itself against competitors like Bitmain and MicroBT at a important time. The A15XP's 207 TH/s performance specifications are competitive in the current market landscape. This deal could serve as a reference point for other North American clients, potentially catalyzing additional sales in the region. The timing of Q1 2025 delivery aligns well with miners' preparations for the upcoming Bitcoin halving, when equipment efficiency will become paramount for maintaining profitability.
According to the purchase agreement,聽Canaan
"Adding another well-respected, vertically integrated Bitcoin firm to our customer base demonstrates our commitment to developing world-class Bitcoin mining machines and the success that our sales team is having in North American market," said Mr. Nangeng Zhang, chairman and chief executive officer of Canaan. "We are excited to support our new client in advancing its Bitcoin strategies."
About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in bitcoin's history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit .
Safe Harbor Statement
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Investor Relations Contact
Canaan Inc.
Xi Zhang
贰尘补颈濒:听IR@canaan-creative.com
ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
贰尘补颈濒:听canaan.ir@icrinc.com
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SOURCE Canaan Inc.
FAQ
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