Canaan to Supply 6,840 A15Pro Miners to Cipher Mining for Black Pearl Facility

Canaan Inc. will supply approximately 6,840 Avalon A15Pro miners to Cipher Mining's Black Pearl facility in Q3 2025. This marks Canaan's first major initiative to offer domestic manufacturing support for US-based bitcoin mining customers, underscoring growing demand amid bitcoin's renewed momentum. The agreement bolsters Cipher's operational hashrate and reinforces Canaan's reputation for high-performance and reliable bitcoin mining solutions.

Canaan Inc. (NASDAQ: CAN), a leading innovator in crypto mining, has announced a significant order for 6,840 Avalon A15Pro miners to be supplied to Cipher Mining Inc. (NASDAQ: CIFR) for its Black Pearl facility in the third quarter of 2025. This agreement marks a pivotal moment for Canaan, as it is the company's first major initiative to offer domestic manufacturing support to U.S.-based bitcoin mining customers, reflecting the growing demand for such solutions amid the renewed momentum of bitcoin [1].

The Avalon A15Pro miners, each delivering an average hash rate of 221 terahashes per second (TH/s) with a power efficiency of approximately 16.6 joules per terahash (J/TH), are expected to bolster Cipher's operational hashrate significantly. This move underscores Canaan's reputation for high-performance and reliable mining solutions, as well as its ability to meet the increasing demands of the bitcoin mining market [1].

The order, which will be fulfilled by Canaan's U.S. and Malaysian facilities, highlights the company's strategic adaptability and regional logistics capabilities. This initiative not only supports Cipher's operations but also positions Canaan as a key player in the U.S. bitcoin mining market, where tariff pressures and supply chain considerations are driving demand for locally manufactured mining equipment [1].

Nangeng Zhang, chairman and chief executive officer of Canaan, commented on the agreement: "As the price of bitcoin reaches new all-time highs, we're seeing a notable uptick in demand from our global customers. This order marks Cipher's fourth purchase from us, demonstrating a strong vote of confidence in our technology and team." The partnership with Cipher underscores Canaan's commitment to delivering high-performance, reliable mining solutions at scale [1].

This agreement comes as Canaan Inc. has been shifting its strategy to focus entirely on Bitcoin mining machine sales, self-mining, and consumer mining products, discontinuing its secondary AI semiconductor segment to enhance capital efficiency [2]. The company's strategic pivot towards Bitcoin aligns with the growing demand and the potential for sustainable growth in the cryptocurrency market.

The increasing adoption of Bitcoin and the growing demand for mining solutions present a compelling opportunity for companies like Canaan Inc. and Cipher Mining. As the global Bitcoin network continues to push past new milestones in hashrate, the industry is witnessing a shift towards more efficient and sustainable mining practices, including the rise of cloud mining platforms that leverage AI to maximize returns and minimize environmental impact [3].

References:
[1] https://www.prnewswire.com/news-releases/canaan-inc-to-produce-a15pro-miners-for-cipher-mining-302508312.html
[2] https://finance.yahoo.com/news/canaan-inc-shifts-strategy-pure-205956736.html
[3] https://www.globenewswire.com/news-release/2025/07/16/3116721/0/en/Bitcoin-Mining-Leader-AAS-Miner-AI-Bitcoin-Cloud-Mining-Platform.html