Kevin Cassidy

Kevin Dede

Nick Giles

Bill Papanastasiou

Joe Flynn

Mark Palmer

Mike Grondahl

Abdullah Dilawar

Edward Engel

Fedorchak Belen

Fedor Shabalin

John Sodaro

John Todaro

Logan Hennen

Michael Donovan

Mike Gundahl

- **Canaan Inc.** has secured a purchase order for **more than 50,000** of its latest-generation **Avalon A15 Pro** bitcoin mining machines from a U.S.-based bitcoin miner.  **[1780652_0001104659-25-096049_tm2527843d1_ex99-1.htm:0]** 
- This agreement marks the **largest single order in the past three years** for the company.  **[1780652_0001104659-25-096049_tm2527843d1_ex99-1.htm:0]** 
- The delivery of these mining machines is scheduled for the **fourth quarter of 2025**.  **[1780652_0001104659-25-096049_tm2527843d1_ex99-1.htm:0]** 
- The order strengthens Canaan's market leadership and underscores confidence in the **U.S. bitcoin mining recovery**.  **[1780652_0001104659-25-096049_tm2527843d1_ex99-1.htm:0]**

Canaan Inc. Secures Landmark U.S. Order

- Canaan Inc. has secured its **largest single order in the past three years**, for **more than 50,000 Avalon A15 Pro bitcoin miners**, from a U.S.-based bitcoin miner.  **[1780652_20251002CN89255:0]** 
- The **Avalon A15 Pro**, Canaan's latest generation mining machine, offers industry-leading efficiency and reliability.  **[1780652_20251002CN89255:0]** 
- Delivery of these machines is scheduled for the **fourth quarter of 2025**.  **[1780652_20251002CN89255:0]**

Canaan Secures Landmark U.S. Order

- **Canaan Inc.** has entered into a strategic hosting agreement with Soluna Holdings, Inc. to deploy **20 megawatts (MW)** of Avalon® A15 XP Bitcoin miners.  **[1780652_0001104659-25-094773_tm2527161d1_ex99-1.htm:0]** 
- The deployment will take place at Soluna’s Project Dorothy in Briscoe County, Texas, utilizing wind energy.  **[1780652_0001104659-25-094773_tm2527161d1_ex99-1.htm:0]** 
- The parties anticipate deploying the miners, which represent approximately **1 EH/s**, in the **first quarter of 2026**.  **[1780652_0001104659-25-094773_tm2527161d1_ex99-1.htm:0]** 
- This partnership is intended to strengthen Canaan's North American mining footprint and advance its self-mining strategy.  **[1780652_0001104659-25-094773_tm2527161d1_ex99-1.htm:0]**

Canaan Inc. Announces Strategic Hosting Agreement with Soluna

Canaan (CAN)