Canaan Technology's large order of 500,000 Mining Rigs: A signal of recovery in the US Mining market

Canaan Creative ( NASDAQ: CAN ) has just officially announced a massive order - a large mining company in the United States has purchased over 50,000 Avalon A15 Pro Mining Rigs. This is Canaan's largest single order in three years, what does it indicate?

The market is warming up

This order reflects two signals: first, the mining demand in the United States is indeed recovering, and second, miners have a strong desire for high-efficiency equipment. Why is the Avalon A15 Pro able to secure such a large order? Mainly because its power consumption ratio and stability are among the best in the industry. For large-scale mining farms, every point of efficiency improvement can significantly reduce costs.

Canaan's Ambition

CEO Zhang Nangen emphasized that this order marks a “strong recovery” in the U.S. mining market, and that Canaan wants to do long-term business in the U.S., not just make a quick profit and leave. This clearly positions Canaan as a global supplier of mining infrastructure.

The Meaning on the Chain

Mining hardware manufacturers usually have a prerequisite for receiving large orders— the Bitcoin ecosystem or the entire industry must be bullish. The fact that Canaan received this order indicates, to some extent, that institutional miners are betting on future market trends. After all, 500,000 mining rigs need to operate for 1-2 years to break even, so the person placing the order is certainly not pessimistic.