Canaan inc. supplies avalon® asic kits for bitfury's north american infrastructure upgrade

Bitfury to enhance large-scale digital asset operations with avalon-powered upgrade kits order marks milestone in joint r&d under strategic business collaboration singapore , aug. 28, 2025 /prnewswire/ -- canaan inc. (nasdaq: can) ("canaan" or the "company"), an innovator in crypto mining, today announced that it has received a new purchase order from bitfury group ("bitfury"), a leading full-service blockchain technology company, for avalon® asic-powered upgrade kits (the "avalon® asic kit"). this equipment will be deployed at bitfury's north american facility to upgrade up to 10mw of existing bitcoin mining capacity, enhancing performance and energy efficiency.
CAN Ratings Summary
CAN Quant Ranking