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Canaan scales production of bitcoin miners in the USA
Canaan scales up Bitcoin miner production in the USA
The American division of Canaan has signed a contract to supply approximately 6840 Avalon A15Pro miners from Cipher Mining during the third quarter.
The units intended for deployment at the Black Pearl site in Texas will arrive from both the Malaysian factories of Canaan and its subsidiary in the USA.
The company called the agreement "the first major initiative to provide extensive support to American clients with domestic production."
The Chairman and CEO of Canaan, Nangen Zhang, noted the increased demand for miners against the backdrop of Bitcoin's historic high. He also mentioned the tariff pressure that forces clients to reevaluate their supply chains.
In the operational results report for May, the company announced that equipment imported from Malaysia to the United States is now subject to a 10% fee.
The pilot project for the release of miners in the USA was implemented by Canaan in June.
Avalon A15Pro provides a hash rate of 221 TH/s with an efficiency of about 16.6 J/TH. The batch of installations is expected to increase the computing power of the Black Pearl data center by a total of 1.5 EH/s.
The parties did not specify the contract amount. According to the manufacturer's website, the price of the lower model in the A15 line is $15.8 per TH/s.
According to Hashrate Index, the average market price for installations with an energy consumption ratio of no more than 19 J/TH has remained relatively stable in recent months, fluctuating around the level of $17 per TH/s.
Let us remind you that the largest manufacturer of mining equipment, Bitmain, announced the opening of production in the USA back in December 2024. One of the factors influencing this decision was the long delays in importing products into the country.