Canaan Inc. Expands Avalon Mining Equipment Shipments to the US

Mining hardware producer Canaan Inc. has reported a substantial rise in orders from American clients. Over the latest quarter, Avalon equipment sales increased by 68%. The firm plans further deliveries over the next six months, aiming to solidify its presence in North America.

Analysts note that demand for powerful ASIC units has jumped sharply following another surge in Bitcoin network difficulty. Energy-saving models such as the A15 and A15XP already account for 35% of corporate purchases. According to company reports, Canaan’s total revenue rose by more than 47% in 2024.

Experts believe the company is laying a foundation for long-term market dominance. The launch of new production lines and strategic agreements with top mining players reinforce these forecasts. Canaan representatives highlight favorable industry developments and state they will continue ramping up research investments.