Shares of Canaan Inc. (CAN), a leading provider of supercomputing solutions and bitcoin mining machine manufacturer, soared 5.30% in after-hours trading on Thursday. The significant uptick comes on the heels of an announcement that the company secured its largest U.S. bitcoin mining order in three years.

Canaan revealed earlier in the day that it had received a purchase order from a U.S.-based bitcoin miner for over 50,000 Avalon A15 Pro mining machines. This represents the company's most substantial order in the past three years, signaling a potential resurgence in the cryptocurrency mining sector. The news triggered a wave of investor enthusiasm, with Canaan's stock reaching a seven-month high during regular trading hours, jumping by approximately 27%.

The massive order underscores the growing demand for high-performance mining equipment in the U.S. market, which has become increasingly important for cryptocurrency mining companies following regulatory crackdowns in other countries. Canaan's CEO, Nangeng Zhang, emphasized the significance of this deal, stating that it "highlights not only the strength of our Avalon A15 Pro, but also our deep commitment to serving customers worldwide, with a particular focus on building long-term partnerships in the U.S. market."

This development has positive implications not only for Canaan but also for the broader cryptocurrency mining industry. The substantial order suggests a renewed confidence in bitcoin mining operations, potentially driven by recent improvements in bitcoin prices and mining profitability. As Canaan continues to strengthen its position in the U.S. market, investors will be watching closely to see if this order marks the beginning of a new growth phase for the company and the sector as a whole.