Canaan Inc. Surges 26.92% on Post-Halving Mining Demand, $50M Avalon A15 Pro Order

Canaan Inc. (NASDAQ: CAN) surged 26.92% over two days, marking a 49.73% rebound since October 2025, with an intraday high of 30.77% on robust demand for its next-generation mining hardware. The stock’s rally reflects renewed institutional confidence in the firm’s technological edge and strategic market positioning.

The recent $50,000-unit order for Avalon A15 Pro mining machines—Canaan’s largest in three years—cements its leadership in energy-efficient solutions. The deal, secured with a U.S.-based institutional miner, underscores the sector’s post-halving shift toward high-performance, low-cost equipment. The A15 Pro’s design prioritizes operational efficiency, addressing miners’ top concern: rising energy costs in a post-April 2025 halving environment.

Canaan’s U.S. manufacturing footprint and partnerships with local operators position it to capitalize on the region’s growing crypto mining infrastructure. By producing in the U.S. and Malaysia, the company mitigates geopolitical risks and supply chain bottlenecks, aligning with institutional clients’ demand for localized, scalable solutions. This strategy also aligns with broader trends of U.S. mining consolidation, where access to cheap energy and favorable regulations drive expansion.

Industry analysts highlight the order’s implications for market dynamics. As Bitcoin’s block rewards decline, operators increasingly rely on advanced hardware to maintain profitability. Competitors like Bitmain and MicroBT face heightened pressure to innovate, while larger miners benefit from access to cutting-edge technology. Smaller players, however, risk marginalization as network difficulty rises and operational costs outpace returns.

Investor sentiment remains cautiously optimistic. Canaan’s vertically integrated model and focus on efficiency position it to capture growth in a competitive landscape. However, challenges persist, including Bitcoin price volatility and evolving regulatory scrutiny. The company’s ability to adapt to shifting energy policies and maintain technological leadership will be critical in sustaining its recent momentum.