Ted Hisokawa
Oct 10, 2025 14:18
Canaan Inc. achieved a brand new excessive in Bitcoin mining effectivity, expanded its mining fleet, and secured a significant U.S. order for its Avalon A15 Professional miners.
Canaan Inc. (NASDAQ: CAN), a number one innovator in cryptocurrency mining, has reported a major enhance in mining effectivity and operational developments for September 2025. The corporate famous a document excessive in its deployed hashrate, reaching 9.30 EH/s, and a rise in its cryptocurrency treasury to 1,582 BTC and a pair of,830 ETH, in response to PR Newswire.
Mining Effectivity and Growth
Below the management of CEO Nangeng Zhang, Canaan has continued to optimize its mining operations. The deployment of next-generation bitcoin mining machines has enhanced effectivity in North America to 19.7 J/TH. This strategic transfer is a part of Canaan’s broader dedication to operational excellence and power efficiency. Throughout September, the corporate mined 92 bitcoins and expanded its self-mining fleet considerably, particularly throughout its U.S. and African websites.
Furthermore, Canaan has made strides in renewable power utilization by a brand new partnership with Soluna Holdings in Texas. This collaboration goals to deploy 20 MW of Avalon A15 XP Bitcoin miners at a wind-powered information heart, marking a major step in the direction of sustainable mining practices.
Strategic Partnerships and Orders
In a landmark growth, Canaan secured a purchase order order from a U.S.-based bitcoin mining operator for over 50,000 Avalon A15 Professional miners. This order, the biggest in three years, underscores Canaan’s technological management and the recovering energy of the U.S. bitcoin mining sector. Scheduled for supply in This fall 2025, this settlement highlights the market’s confidence in Canaan’s capabilities and its dedication to fostering long-term partnerships.
Infrastructure and World Operations
Canaan’s international operations have been bolstered by a rise in computing energy, with a complete put in capability of 230.2 MW throughout its websites. The corporate operates eight energetic mining tasks worldwide, with substantial operations in America, Canada, Ethiopia, the Center East, and Malaysia. These operations contribute to a world estimated whole computing energy of 10.31 EH/s.
As Canaan continues to scale its operations globally, it stays targeted on innovation and sustainability. The corporate’s efforts to reinforce effectivity and leverage renewable power sources are pivotal to its progress technique and long-term worth creation for stakeholders.
Future Outlook
Trying forward, Canaan is poised to proceed its enlargement and innovation within the cryptocurrency mining sector. The strategic partnerships and technological developments underscore its place as a frontrunner within the trade. Because it scales its operations, Canaan’s dedication to sustainability and effectivity shall be essential in navigating the evolving panorama of cryptocurrency mining.
Picture supply: Shutterstock
