Canaan CAN Stock Surges 12% on Largest US Bitcoin Miner Order in 3 Years - Avalon A15 Pro

Bitcoin mining hardware manufacturer Canaan Creative (NASDAQ: CAN) has achieved its most substantial equipment order in three years, selling over 50,000 Avalon A15 Pro Bitcoin miners to a major U.S. mining company. The Singapore-based firm announced the mining rigs are scheduled for delivery in Q4 2025. While the buyer's identity remains confidential, the transaction volume indicates a significant mining operation. "This landmark order marks a major achievement for Canaan and demonstrates the strong recovery of the U.S. cryptocurrency market," stated CEO Nangeng Zhang. The deal underscores continued miner confidence despite Bitcoin's mining difficulty reaching record highs. Canaan shares rallied 12% in pre-market trading and gained nearly 18% in the previous session. Despite potential tariff challenges for Chinese-made ASIC miners, Canaan's established facilities in the U.S. and Malaysia provide operational flexibility, as demonstrated through their separate agreement with Cipher Mining.