Core Viewpoint - Canaan Inc. has received a purchase order from Bitfury Group for Avalon® ASIC-powered upgrade kits, aimed at enhancing Bitfury's Bitcoin mining capacity and energy efficiency at its North American facility [1][3]. Group 1: Collaboration and R&D - The order signifies a milestone in the ongoing R&D collaboration between Canaan and Bitfury, which began in July 2024, focusing on economically efficient and innovative mining solutions [2][3]. - The partnership has previously resulted in the delivery of 4,500 Avalon® A14 series units for Bitfury's operations, showcasing the effectiveness of their joint development efforts [3]. Group 2: Operational Efficiency and Sustainability - Bitfury plans to repurpose a significant portion of its existing systems while integrating the Avalon® ASIC Kit, which will lower capital expenditures and electronic waste while improving efficiency [4]. - This collaboration emphasizes the commitment of both companies to sustainable innovation and operational excellence, highlighting the importance of infrastructure re-use and energy optimization in the maturing mining sector [5]. Group 3: Future Outlook - Both companies are looking to explore further upgrades and innovation opportunities in North America and beyond, reinforcing their dedication to decentralized innovation and sustainability [5].