[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  CryptoMiner [@Karan99379550](/creator/twitter/Karan99379550) on x XX followers Created: 2025-07-17 20:42:33 UTC Cannan it is Canaan Inc . (NASDAQ:CAN) announced its U.S. subsidiary entered into a purchase agreement with Cipher Mining Inc. (NASDAQ:CIFR) to supply approximately XXXXX Avalon A15Pro miners to Cipher’s Black Pearl facility in the third quarter of 2025. The units will be fulfilled by Canaan’s U.S. and Malaysian facilities, according to the company’s statement. This represents Canaan’s first major initiative to offer large-scale domestic manufacturing support for U.S.-based bitcoin mining customers. Cipher secured the Avalon A15Pro miners through the exercise of an option announced in June 2024. Each unit delivers an average hash rate of XXX terahashes per second with a power efficiency of approximately XXXX joules per terahash. The miners are expected to be deployed at Cipher’s Black Pearl facility. This purchase marks Cipher’s fourth order from Canaan, according to the press release. The agreement comes as bitcoin has reached new price levels, with Canaan citing increased demand from global customers. "As the price of bitcoin reaches new all-time highs, we’re seeing a notable uptick in demand from our global customers," said Nangeng Zhang, chairman and chief executive officer of Canaan. "As customers adapt to tariff pressures, buyers are reassessing their supply chain strategies." Canaan, established in 2013, focuses on ASIC high-performance computing chip design and computing equipment production. The company completed its initial public offering on the Nasdaq Global Market in 2019. XXX engagements  **Related Topics** [mining](/topic/mining) [$can](/topic/$can) [stocks technology](/topic/stocks-technology) [stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries) [cipher mining](/topic/cipher-mining) [Post Link](https://x.com/Karan99379550/status/1945947250938839282)
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CryptoMiner @Karan99379550 on x XX followers
Created: 2025-07-17 20:42:33 UTC
Cannan it is
Canaan Inc . (NASDAQ:CAN) announced its U.S. subsidiary entered into a purchase agreement with Cipher Mining Inc. (NASDAQ:CIFR) to supply approximately XXXXX Avalon A15Pro miners to Cipher’s Black Pearl facility in the third quarter of 2025. The units will be fulfilled by Canaan’s U.S. and Malaysian facilities, according to the company’s statement. This represents Canaan’s first major initiative to offer large-scale domestic manufacturing support for U.S.-based bitcoin mining customers. Cipher secured the Avalon A15Pro miners through the exercise of an option announced in June 2024. Each unit delivers an average hash rate of XXX terahashes per second with a power efficiency of approximately XXXX joules per terahash. The miners are expected to be deployed at Cipher’s Black Pearl facility. This purchase marks Cipher’s fourth order from Canaan, according to the press release. The agreement comes as bitcoin has reached new price levels, with Canaan citing increased demand from global customers. "As the price of bitcoin reaches new all-time highs, we’re seeing a notable uptick in demand from our global customers," said Nangeng Zhang, chairman and chief executive officer of Canaan. "As customers adapt to tariff pressures, buyers are reassessing their supply chain strategies." Canaan, established in 2013, focuses on ASIC high-performance computing chip design and computing equipment production. The company completed its initial public offering on the Nasdaq Global Market in 2019.
XXX engagements
Related Topics mining $can stocks technology stocks bitcoin treasuries cipher mining