Terrill Dicki
Jul 18, 2025 09:53
Canaan Inc. will present 6,840 Avalon A15Pro miners to Cipher Mining’s Black Pearl facility, aiming to reinforce the ability’s hashrate and cater to rising demand for environment friendly mining options.
Canaan Inc. (NASDAQ: CAN), a outstanding participant within the crypto mining sector, has introduced a strategic settlement with Cipher Mining Inc. (NASDAQ: CIFR) to produce roughly 6,840 Avalon A15Pro miners. These items are slated for deployment at Cipher’s Black Pearl facility in the course of the third quarter of 2025, in response to PRNewswire.
Enhanced Hashrate for Cipher Mining
The brand new batch of A15Pro miners is predicted to considerably bolster the operational hashrate on the Black Pearl web site. Every unit gives a median hash fee of 221 terahashes per second (TH/s) with an influence effectivity of 16.6 joules per terahash (J/TH), marking a considerable enchancment in efficiency metrics.
Strategic Manufacturing and Deployment
This initiative highlights Canaan’s dedication to supporting U.S.-based bitcoin mining operations by way of home manufacturing. The miners might be produced in Canaan’s services in the US and Malaysia, reflecting the corporate’s adaptive logistics and success methods that cater to region-specific calls for.
Nangeng Zhang, Chairman and CEO of Canaan, emphasised the rising world demand for bitcoin mining options amid rising bitcoin costs. He famous that prospects are more and more prioritizing fast deployment and operational reliability, areas the place Canaan has established a powerful popularity.
Strengthening Partnerships
The collaboration with Cipher Mining is a testomony to the belief in Canaan’s know-how and supply capabilities. This order represents Cipher’s fourth procurement of Canaan’s mining options, reinforcing their confidence in Canaan’s services and products.
Canaan’s Market Place
Based in 2013, Canaan Inc. has been on the forefront of ASIC high-performance computing chip design and manufacturing. The corporate’s pioneering efforts in creating the primary ASIC-based bitcoin mining machines have positioned it as a frontrunner within the business. Canaan’s ongoing improvements and strategic partnerships proceed to drive its progress and affect within the world crypto mining market.
For extra detailed details about Canaan Inc. and its operations, please go to their official web site.
Picture supply: Shutterstock
