Share this article
Canaan Shares Jump Over 12% as it Lands Largest U.S. Order in 3 Years
The machines will ship in the fourth quarter of 2025, the company said, while keeping the buyer unnamed.
Oct 2, 2025, 1:53 p.m.
What to know:
- Bitcoin mining hardware maker Canaan has secured its largest hardware order in three years, selling over 50,000 Avalon A15 Pro bitcoin miners to a U.S.-based mining firm.
- The machines will ship in the fourth quarter of 2025, the company said, while keeping the buyer unnamed.
- The order suggests that miners are continuing to invest in the industry, despite increasing mining difficulty, and Canaan's shares rose 12% in pre-market trading and 18% in the previous day's trading session.
Bitcoin mining equipment maker Canaan (CAN) has secured its biggest hardware order in three years, selling over 50,000 of its Avalon A15 Pro bitcoin miners to a U.S.-based mining firm.
The machines are set to ship in the fourth quarter of 2025, the Singapore-based company said. The name of the buyer wasn’t named, although the scale of the purchases points to a major mining operations.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"This milestone order represents a significant win for Canaan and reflects the robust resurgence of the U.S. market,” Canaan CEO Nangeng Zhang said in a statement.
The order also points to miners’ continued bets on the industry, even as the cryptocurrency’s mining difficulty climbs to a new all-time high. Shares of Canaan were up 12% in pre-market trading following the news and moved up nearly 18% in yesterday’s trading session.
While reciprocal tariffs applied for Chinese-sourced ASIC miners and Canaan has, for most of its history, been operating from China, it may be able to avoid these costs. The company operates facilities in the both the U.S. and Malaysia, which it has leveraged for a separate purchase agreement with Cipher Mining.
The company did not specify which facilities will be fulfilling the 50,000 AISC order.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
Top Stories
