Canaan partners order 17,000 units of Avalonminer A1346 and A1466

Canaan Creative announced that it has secured follow-on purchase orders from Cipher Mining and Stronghold Digital Mining. In total, these orders involve the purchase of more than 17,000 Bitcoin miners. These orders build on Canaan's existing relationships with Cipher and Stronghold.

Cipher joint venture entity has purchased 16,700 units A1466 miner, and a previously purchased 11,000 units A1346 miner have been delivered and installed at Cipher's Odessa plant.

Stronghold purchased 1,100 units A1346 miner, with an earlier purchase of 2,000 units delivered and installed at Stronghold's Patha Creek facility.