Canaan Jumps 25% on 50K Bitcoin Miner Order in U.S.

• Bitcoin mining hardware producer Canaan announced a major U.S. order for 50,000 Avalon A15 Pro units.
• Canaan’s stock jumped over 25%, reflecting renewed demand in the U.S. Bitcoin mining market.

On October 2, 2025, Canaan reported its largest hardware order in three years, sparking a 25% surge in share price. The sharp increase followed the company’s announcement of a purchase of 50,000 Avalon A15 Pro mining machines by an unnamed U.S.-based Bitcoin miner.

The recently announced deal represents over 10 exahashes per second (EH/s) of computing power, which constitutes approximately 1.4% of the current total Bitcoin network hashrate. This large-scale purchase underscores the buyer's strategic push to strengthen their operational capacity in Bitcoin mining.

According to Canaan’s CEO and Chairman, Nangeng Zhang, the order signals a recovery of the U.S. Bitcoin mining market. Zhang stated, “This milestone order represents a significant win for Canaan and reflects the robust resurgence of the U.S. market.” He emphasized that demand for Canaan’s Avalon A15 Pro models highlights the machines' strong performance and their potential for high returns on investment.

The 50,000-unit order is scheduled for delivery by the end of 2025, reinforcing the company’s position within the competitive mining hardware industry. The announcement follows earlier installations of Avalon models at U.S.-based firms such as Cipher Mining and CleanSpark, demonstrating sustained interest in Canaan’s high-performance infrastructure.

As of October 2, 2025, 15:08 UTC, Bitcoin (BTC) is trading at $118,864.54, with a 1.36% increase in 24-hour trading volume, according to the latest market data.