Canaan Inc. Secures Major Order for 5,000 Avalon A15 Pro Miners Through Luxor Partnership

Reuters

2025/09/08

Canaan Inc. Secures Major Order for 5,000 Avalon A15 Pro Miners Through Luxor Partnership

Canaan Inc. has announced a significant partnership with Luxor Technology Corporation to enhance institutional miner financing. This collaboration aims to provide flexible, non-dilutive financing solutions, facilitating the acquisition of Canaan's Avalon A15 Pro bitcoin miners. The initial transaction includes the sale of over 5,000 mining units to a leading U.S.-based institutional bitcoin miner. By partnering with Luxor, Canaan aims to expand the institutional adoption of its A15 Pro series and support miners in achieving operational flexibility and long-term exposure to Bitcoin. The A15 Pro is noted for its efficiency, maximizing terahash output while minimizing energy consumption. This partnership underscores Canaan's commitment to strengthening the Bitcoin ecosystem and aligns with Luxor's goal of expanding its influence in the global Bitcoin mining sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN67568) on September 08, 2025, and is solely responsible for the information contained therein.

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