Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Canaan Inc. Secures Large Order for Bitcoin Mining Equipment from CleanSpark
ADOPTION NEWS

Canaan Inc. Secures Large Order for Bitcoin Mining Equipment from CleanSpark

By Crypto FlexsNovember 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Canaan Inc. Secures Large Order for Bitcoin Mining Equipment from CleanSpark
Share
Facebook Twitter LinkedIn Pinterest Email

Felix Pinkston
November 1, 2024 15:49

Canaan Inc. announced a significant contract with CleanSpark to supply 3800 Avalon A1566I miners to strengthen CleanSpark’s submerged mining operations and increase efficiency.





Canaan Inc. (NASDAQ: CAN), a prominent provider of high-performance computing solutions, announced a bulk order for the Avalon A1566I miner from new customer CleanSpark Inc. According to PRNewswire, this partnership is an important step for both companies to advance their capabilities in the Bitcoin mining sector.

contract details

Under the purchase agreement, Canaan US Inc., a wholly owned subsidiary of Canaan Inc., will supply 3800 Avalon A1566I immersion cooled miner units to CleanSpark. With an average compute performance of 249 terahashes per second (TH/s) without overclocking, the miner is scheduled to ship in the fourth quarter of 2024. This move achieves high efficiency and strategic land acquisition.

strategic implications

The collaboration with CleanSpark highlights Canaan’s commitment to supporting the North American mining community and expanding its regional presence. “We are very pleased that CleanSpark has selected Canaan’s high-performance mining solutions,” said Nangeng Zhang, Chairman and CEO of Canaan. He demonstrated the strength of Canaan’s products and their shared vision for the future of Bitcoin mining, highlighting the potential for Canaan miners to be seamlessly integrated into CleanSpark’s vertically integrated system.

About Canaan Co., Ltd.

Founded in 2013, Canaan Co., Ltd. is a technology company specializing in ASIC high-performance computing chip design, computing equipment production, and software services. Known for its pioneering work in ASIC technology, Canaan has played a significant role in the Bitcoin mining industry since launching the first ASIC-based mining machine under the Avalon brand. Canaan further solidified its position in the technology industry by listing on the NASDAQ global market in 2019.

wider context

This deal comes at a time when the Bitcoin mining industry is witnessing significant advancements in technology and efficiency. The integration of immersion cooling technology is becoming increasingly popular as it offers improved performance and energy efficiency. As the industry evolves, partnerships like the one between Canaan and CleanSpark are critical to driving innovation and sustaining growth.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025

CryptoLists.com Recognised As “Crypto Affiliate Of The Year” At SBC’s Affiliate Leaders Awards 2025

September 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025
Most Popular

Ethereum is Steady: Can Polkadot Rebound from April’s 20% Drop?

April 11, 2024

Frax Finance plans to announce proposed revenue sharing within 10 days: ‘It will be huge returns’

February 26, 2024

Do developers prioritize short-term fixes?

May 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.