The manufacturer of bitcoin extraction equipment, Canaan (CAN), has obtained its largest order of equipment in three years, selling more than 50,000 of its Bitcoin A15 pro bitcoin minors to a mining based in the United States.
The machines should be shipped to the fourth quarter of 2025, said the company based in Singapore. The name of the buyer was not appointed, although the purchase scale indicates a large mining operation.
“This stage order represents an important victory for Canaan and reflects the solid resurgence of the American market,” CEO of Canaan said Nangeng Zhang, in a statement.
The order also indicates the continuous bets of minors on the industry, even if the mining difficulty of the cryptocurrency climbs to a new summit of all time. Canaan’s shares increased by 12% in pre-commercial exchanges after the news and increased by almost 18% during yesterday’s negotiation session.
Although the reciprocal prices applied to ASIC minors from Chinese and that Canaan had, for most of its history, operated in China, it may be able to avoid these costs. The company operates installations in the United States and Malaysia, which it has operated for a separate purchase agreement with Cipher Mining.
The Company did not specify which installations will fill the order of 50,000 AISC.
