Canaan inc. expands its self-mining footprint in texas and pennsylvania

Plans to install avalon a14 and a15 mining machines at joint mining sites takes significant s tep s  toward 10 eh/s capacity in north america by mid-2025 singapore , nov. 20, 2024 /prnewswire/ -- canaan inc. (nasdaq: can) ("canaan" or the "company"), a leading high-performance computing solutions provider, today announced that its wholly owned subsidiary, beet digital llc., has entered into a strategic joint mining agreement with luna squares texas llc ("ls texas"), a west texas bitcoin mining firm, to collaborate on mining activities at ls texas' mining site.
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