Canaan (CAN) announced that it has received a new purchase order from Bitfury Group, a full-service blockchain technology company, for Avalon ASIC-powered upgrade kits. This equipment will be deployed at Bitfury’s North American facility to upgrade up to 10MW of existing Bitcoin mining capacity, enhancing performance and energy efficiency. Prior to receiving the order, Canaan’s task force collaborated with Bitfury for several months, underscoring both companies’ strong commitment to North American mining opportunities, particularly those focused on economically efficient and innovation-driven solutions.
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