Canaan shares surge after 50,000-rig Bitcoin mining deal

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Canaan Inc. shares jumped much than 26% successful aboriginal trading Thursday aft the crypto mining steadfast landed a 50,000-rig order.

Canaan said that a US-based institution purchased the latest-generation “Avalon A15 Pro” mining machines, an institutional-grade Bitcoin mining rig. The purchaser was not disclosed, but the merchantability was reported arsenic Canaan's largest successful implicit 3 years.

The company’s CEO, Nangeng Zhang, said the merchantability highlighted some companies’ “confidence successful the semipermanent growth” of Bitcoin mining and the “demand for highly efficient, next-generation infrastructure.”

According to the Hashrate Index, the United States accounted for 36% of the planetary Bitcoin hashrate — the full computing powerfulness miners usage to unafraid the network, making it the world’s largest mining hub.

Canaan, a crypto mining hardware institution founded successful Beijing successful 2013, saw its shares up 26.4% astatine $1.31 connected Nasdaq astatine the clip of writing, according to Yahoo Finance

The shares person accrued implicit 50% successful the past six months, portion inactive experiencing a 40% diminution year-to-date.

The authorities of Bitcoin mining

Bitcoin mining uses computing powerfulness to validate transactions and adhd caller blocks to the blockchain, rewarding miners with recently minted Bitcoin portion keeping the web secure.

The process brings caller coins into circulation but grows harder implicit clip arsenic the web raises trouble astir each 2 weeks, oregon each 2,016 blocks, and halves artifact rewards astir each 4 years.

In August 2025, mining trouble deed a record 127.6 trillion, earlier climbing again to 134.7 trillion connected Sept. 5. On Thursday, the trouble complaint climbed to 150.84 trillion, signalling that Bitcoin is much hard to mine contiguous than it has ever been.

The rising trouble and associated costs person forced immoderate players out. In June 2025, Bit Digital said it would unopen down its Bitcoin mining operations to displacement toward an Ethereum treasury strategy.

The company’s CEO, Sam Tabar, told Cointelegraph that the “Bitcoin mining manufacture is going to beryllium dormant successful 2 years,” adding that “there’s nary mode the mining manufacture tin past different halving.”

The trouble of mining Bitcoin has besides led to an summation successful dominance by ample organization miners. A caller report from The Miner Mag showed that the apical 4 nationalist miners — MARA, IREN, Cango, and CleanSpark — accounted for 19.07% of the full artifact rewards successful July.

Yet, solo miners are inactive occasionally capable to successfully excavation blocks. On July 3, a solo miner produced artifact 903,883, earning astir $350,000 from the artifact reward on with transaction fees paid by users to unafraid faster confirmation.

A fewer weeks later, a 2nd solo miner collected much than $373,000 successful rewards based connected Bitcoin’s terms that time aft mining artifact 907,283.

Magazine: Bitcoin vs. the quantum machine menace — Timeline and solutions (2025–2035)

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