Canaan Inc. Secures New Order from Bitfury for Avalon® ASIC Kits to Enhance North American Mining Operations

Reuters

Aug 28

Canaan Inc. Secures New Order from Bitfury for Avalon® ASIC Kits to Enhance <a href="https://laohu8.com/S/FNCSF">North American</a> Mining Operations

Canaan Inc. has announced a new purchase order from Bitfury Group for Avalon® ASIC-powered upgrade kits, marking a significant milestone in their joint research and development efforts. This equipment will be deployed at Bitfury's North American facility to upgrade up to 10MW of existing Bitcoin mining capacity, enhancing both performance and energy efficiency. The collaboration between Canaan and Bitfury highlights their commitment to economically efficient and innovative mining solutions, with a focus on sustainability and reliability. Both companies plan to continue exploring further upgrades and innovation opportunities in North America and beyond.

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: CN61036) on August 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Secures New Order from Bitfury for Avalon® ASIC Kits to Enhance North American Mining Operations","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Secures New Order from Bitfury for Avalon® ASIC Kits to Enhance <a href=\"https://laohu8.com/S/FNCSF\">North American</a> Mining Operations\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. has announced a new purchase order from Bitfury Group for Avalon® ASIC-powered upgrade kits, marking a significant milestone in their joint research and development efforts. This equipment will be deployed at Bitfury's <a href=\"https://laohu8.com/S/NOA\">North American</a> facility to upgrade up to 10MW of existing Bitcoin mining capacity, enhancing both performance and energy efficiency. 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