- Canaan Inc. (CAN, Financial) to supply 6,840 Avalon A15Pro miners to Cipher Mining's Black Pearl facility in Q3 2025.
- Each miner provides a hash rate of 221 TH/s with a power efficiency of 16.6 J/TH.
- The deal marks Canaan's first major domestic manufacturing effort for U.S.-based Bitcoin mining customers.
Canaan Inc. (NASDAQ: CAN) has announced a significant purchase agreement with Cipher Mining Inc. (NASDAQ: CIFR), securing the supply of approximately 6,840 Avalon A15Pro miners to Cipher's Black Pearl facility. Fulfillment of this order is scheduled for the third quarter of 2025, with production to occur at Canaan's facilities in the United States and Malaysia. This strategy emphasizes Canaan's commitment to addressing tariff challenges by leveraging regional manufacturing capabilities.
This transaction represents Canaan's inaugural initiative to provide large-scale domestic manufacturing support tailored for U.S.-based Bitcoin mining customers. The Avalon A15Pro miners, known for their performance, deliver an average hash rate of 221 terahashes per second (TH/s) while maintaining a power efficiency of approximately 16.6 joules per terahash (J/TH).
The strategic use of both U.S. and Malaysian production facilities not only enhances Canaan's supply chain flexibility but also strengthens Cipher's capacity to manage tariff-related pressures affecting the Bitcoin mining ecosystem. The continued rise in Bitcoin's value has catalyzed increased demand for advanced mining equipment, underscoring the competitive advantage conferred by regional manufacturing.
Notably, this agreement marks Cipher Mining's fourth order from Canaan, highlighting a robust and enduring partnership focused on reliable high-performance Bitcoin mining solutions. This collaboration reflects a shared confidence in Canaan's technological capabilities and operational reliability, essential for sustaining Cipher's leadership in the mining sector.
