Canaan Inc. stocks jumped by more than 26% during early Thursday trading after the crypto-mining firm received a large order of 50,000 rigs.
Canaan said A US-based firm purchased the latest generation “Avalon A15 Pro” Mining machines of institutional grade Bitcoin mining equipment. Canaan has not revealed the identity of its buyer but it was said that this sale is their biggest in three years.
Nangeng Zhang is the CEO of Nangeng Zhang. He said that both companies benefited from this transaction. “confidence in the long-term growth” Bitcoin Mining and its Benefits “demand for highly efficient, next-generation infrastructure.”
According to the Hashrate Index, the United States accounted for 36% of the global Bitcoin hashrate — the total computing power miners use to secure the network, making it the world’s largest mining hub.
Canaan is a Beijing-based crypto mining company that was founded in 2013. At the time this article was written, its Nasdaq shares were up by 26.4% to $1.31. according Yahoo Finance
Shares have increased by over 50% during the last six months. However, they are still down 40% year to date.
Bitcoin mining: the state of affairs
Mining bitcoin uses computer power to verify transactions and to add blocks to blockchain. rewarding miners with newly minted Bitcoin While maintaining the security of your network.
This process introduces new coins to circulation, but it becomes more difficult over time, as the difficulty of the network increases every 2 weeks or 2,016 blocks, while block rewards are halved every 4 years.
In August 2025 mining difficulty hit a record The difficulty rate rose to 127.6 billion, then again to 134.7 on September 5. The difficulty rate rose to 150.84 billion on Thursday, signaling that Bitcoin has become more difficult. mine It is now more important than ever.
Some players have been forced out by the rising costs and difficulty. Bit Digital announced that it will shut down the Bit Digital platform in June 2025. Bitcoin mining operations The shift to an Ethereum Treasury strategy.
Sam Tabar was the company’s chief executive officer. told Cointelegraph The word “that” is a phrase that means, “that which”. “Bitcoin mining industry is going to be dead in two years,” Click here to add that “there’s no way the mining industry can survive another halving.”
A recent study found that large institutions are increasingly dominating the mining of Bitcoin. The recent study by the University of California, Berkeley found that large institutional miners are now dominating Bitcoin mining. report from The Miner Mag showed that the top four public miners — MARA, IREN, Cango, and CleanSpark — accounted for 19.07% of the total block rewards in July.
Solo miners can still mine some blocks. A solo miner earned nearly $1,000 for producing block 903,883 on July 3. $350,000 from the block reward Users can also pay transaction fees to receive faster confirmation.
Few weeks later, another solo miner collected over $373,000 in rewards The price was calculated based on Bitcoin’s value the day following block 907283.
Magazine: Bitcoin vs. the quantum computer threat — Timeline and solutions (2025–2035)
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Source: cointelegraph.com
