Canaan Inc. Signs Agreement with HIVE for Avalon A1566 Miners
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
Continues North American Expansion with Order from Long-term CustomerSINGAPORE, Nov. 11, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with HIVE Digital Technologies Ltd ("HIVE"), for its Avalon A1566 miners.According to the purchase agreement, CCG will provide HIVE with 6,500 Avalon A1566 miners, with an average computing power of 185 Terahash per second (TH/s). Of the 6,500 A1566 miners, 500 miners have been immediately delivered and are scheduled for installation. The remaining 6,000 machines will be delivered in four monthly shipments of 1,500 units, from December 2024 through March 2025. "We would like to thank HIVE for choosing Canaan's mining solutions for their operations. Securing a significant order is always rewarding, but it is even more
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News
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- Canaan Inc (CAN) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... [Yahoo! Finance]Yahoo! Finance
- Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Canaan Inc. Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 11/22/24 - Form 6-K
- 11/22/24 - Form 424B5
- 11/20/24 - Form 6-K
- CAN's page on the SEC website