Canaan(US:CAN) Prnewswire·2025-10-02 13:05Core Insights - Canaan Inc. has secured a significant purchase order for over 50,000 Avalon A15 Pro bitcoin miners, marking the largest single order in the past three years, scheduled for delivery in Q4 2025 [1][2][3] Company Overview - Canaan Inc. is a technology company established in 2013, focusing on ASIC high-performance computing chip design, chip R&D, computing equipment production, and software services [4] - The company is recognized for its pioneering role in the ASIC mining machine market, having shipped the first batch of such machines under the Avalon brand [4] Product Highlights - The Avalon A15 Pro is Canaan's latest generation bitcoin mining machine, known for its industry-leading efficiency and reliability, which are critical for competitive mining operations [2][3] - The machine's design emphasizes power cost efficiency and uptime performance, making it a valuable tool for institutional miners [2] Market Position - This record-setting order reinforces Canaan's position as a trusted partner for institutional-scale mining operations globally, reflecting a robust resurgence in the U.S. market [2][3]