Canaan (CAN) has released an update.
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Canaan Inc., a leading computing solutions provider, has solidified its partnership with Cipher Mining Technologies through a significant purchase order for 6,600 units of the Avalon Miner A1566. This deal, expected to be fulfilled in Q4 2024, underscores Cipher Mining’s confidence in Canaan’s cutting-edge mining equipment and reinforces the companies’ shared commitment to the growth and success of Bitcoin infrastructure.
For further insights into CAN stock, check out TipRanks’ Stock Analysis page.