CurrencyNewsBreaks – Canaan Inc. (NASDAQ: CAN) Amplifies Crypto Mining Power with Strategic Partnerships

Canaan Inc. (NASDAQ: CAN) has secured follow-on purchase orders for over 17,000 Bitcoin mining machines from Cipher Mining Inc. (NASDAQ: CIFR) and Stronghold Digital Mining, Inc. (NASDAQ: SDIG). Cipher’s joint venture entities will acquire 16,700 A1466 model mining machines, while Stronghold has purchased 1,100 A1346 model mining machines. The orders build upon Canaan’s existing relationships with Cipher and Stronghold and affirm the capabilities of Canaan’s new A14 product series

To view the full press release, visit https://ibn.fm/wzK6Q

About Canaan Inc.

Established in 2013, Canaan Inc. is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan’s vision is “super computing is what we do, social enrichment is why we do it.” Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name, Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit www.Canaan.io.

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