Canaan Secures Largest Order in Three Years: 50,000 Bitcoin Miners for Marathon Digital
Canaan Inc., a leading ASIC high-performance computing chip designer and producer, has secured a monumental purchase order. The U.S.-based miner Marathon Digital Holdings has placed an order for over 50,000 Avalon A15 Pro bitcoin miners, marking the largest single order Canaan has received in the past three years.
Established in 2013, Canaan Inc. completed its initial public offering on the Nasdaq Global Market in 2019. The company's Avalon A15 Pro miners, known for their industry-leading efficiency and reliability, have attracted institutional-scale miners like Marathon. The miners are scheduled for delivery in the fourth quarter of 2025, with Marathon's order following their December 2025 placement.
Canaan's chairman and CEO, Nangeng Zhang, sees this significant win as a testament to the U.S. market's strength and Canaan's position as a trusted partner for large-scale mining operations worldwide.
With this record-setting purchase order, Canaan Inc. reinforces its leading role in the ASIC high-performance computing chip industry. The delivery of over 50,000 Avalon A15 Pro miners to Marathon Digital Holdings in late 2025 is set to strengthen Canaan's relationship with institutional-scale miners and further cement its reputation.
