Canaan’s (CAN) U.S. subsidiary has entered into a purchase agreement with Cipher Mining (CIFR) to supply approximately 6,840 Avalon A15Pro miners to Cipher’s Black Pearl facility in Q3. The units will be fulfilled by Canaan’s U.S. and Malaysian facilities. This agreement marks Canaan’s first major initiative to offer large-scale domestic manufacturing support for U.S.-based bitcoin mining customers. The miners are expected to be deployed at Cipher’s Black Pearl facility.
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