Canaan Secures Largest Order in Three Years, Stock Soars

Canaan Inc. has secured a purchase order from a US-based bitcoin miner for over 50,000 of its latest Avalon A15 Pro mining machines. This marks the largest order in three years and highlights the growing demand for efficient mining infrastructure. The deal boosts Canaan's stock, with shares up approximately 90% this month. The order signals continued institutional investment in bitcoin mining capacity and a focus on upgrading to more efficient hardware.

Canaan Inc. (NASDAQ: CAN) shares surged Thursday after the company announced a significant purchase order for over 50,000 of its latest-generation Avalon A15 Pro mining machines from a U.S.-based bitcoin miner. This order represents the largest in the past three years, underscoring the growing demand for efficient mining infrastructure Canaan stock soars after securing largest mining machine order in 3 years^[2].

The deal, which centers on the Avalon A15 Pro machines, highlights Canaan's renewed position in the institutional mining equipment market. The machines are designed to offer improved efficiency and reliability, critical factors for institutional miners seeking to maximize profitability in the face of high power costs Canaan secures order for Avalon A15 Pro mining machines; shares up over 7%^[1].

Nangeng Zhang, chairman and CEO of Canaan, noted that the order reflects the robust resurgence of the U.S. market and demonstrates the strength of their latest mining equipment. The order also underscores Canaan's commitment to building long-term partnerships in the U.S. market Canaan secures order for Avalon A15 Pro mining machines; shares up over 7%^[1].

This substantial order comes at a time when bitcoin mining activity has been increasing alongside the cryptocurrency's price recovery. The Avalon A15 Pro machines are marketed as providing competitive mining economics through industry-leading efficiency and uptime performance, factors that are essential for mining profitability Canaan stock soars after securing largest mining machine order in 3 years^[2].

The order boosts Canaan's stock, with shares up approximately 90% this month. The company's latest financial projections also indicate a strong Q3 2025, with revenue forecasted to range between $125M and $145M, driven by home miner sales surging 359% Canaan secures order for Avalon A15 Pro mining machines; shares up over 7%^[1].