Canaan received follow-up purchase orders from Cipher and Stronghold, totaling 17,000 mining machines

Canaan announced that it has secured cooperation for follow-up purchase orders from Cipher Mining and Stronghold Digital Mining. These orders involve a total of over 17,000 bitcoin mining machines and are built on Canaan's existing relationships with Cipher and Stronghold.Cipher's joint venture entity has purchased 16,700 A1466 model Avalon mining machines, and the previously purchased 11,000 A1346 model Avalon mining machines have been delivered and installed at Cipher's Odessa factory.Stronghold has purchased 1,100 A1346 model Avalon mining machines, and the previously purchased 2,000 have been delivered and installed at Stronghold's Patha Creek factory.