Canaan’s stock shrinks more than 25% in the record of us by Bitcoin Mining Rig Order
The Shares of Canaan Inc. would jump more than 26% on early trading Thursday after the crypto mining company reached a 50,000-rig order.
Canaan Says A US -based company bought the latest generation “Avalon A15 Pro” mining machines, an institutional grade Bitcoin Mining Rig. The consumer has not disclosed, but the sale has been reported as the largest Canaan in more than three years.
Company CEO Mageng Zhang, said the sale has highlighted both companies “trust in long-term growth” of Bitcoin mining and the “demand for extremely efficient, next-generation infrastructure.”
According to the hashrate index, the United States costs 36% of the global bitcoin hashrate – the total use of computing miners to secure the network, making it the largest mining hub in the world.
Canaan, a crypto mining company established in Beijing in 2013, saw its sharing 26.4% to $ 1.31 in Nasdaq at the time of writing, According to In Yahoo Finance
Shares have increased by more than 50% over the past six months, while still experiencing a 40% decline year-to-date.
The state of bitcoin mining
Bitcoin mining uses computing strength to verify transactions and add new blockchain blocks, Reward the miners with the new Minted Bitcoin while maintaining a safe network.
The process brings new coins to circulation but grows more difficult over time as the network increases poverty every two weeks, or every 2,016 blocks, and halves have rewarded rewards every four years.
In August 2025, Mining difficulty hit a note 127.6 trillion, before climbing again to 134.7 trillion on September 5. On Thursday, the poverty rate Me Now than before.
Rising difficulties and relevant costs forced some players. In June 2025, Bit Digital said it would close it Bitcoin mining operations To move toward an approach to the Treasury of Ethereum.
The CEO of the company, Sam Tabar, said to the cointelegraph That the “Bitcoin mining industry will die for two years,” adding that “there is no way the mining industry can survive another division.”
Bitcoin mining difficulty has also led to increased dominance of large institutional miners. A recent -only Report From Miner Mag showed that the top four public miners – Mara, Iren, Cango, and Cleanspark – cost 19.07% of the total block rewards in July.
However, solo miners sometimes can succeed in mine blocks. On July 3, a solo miner made the block 903,883, which earned almost $ 350,000 from Block reward In conjunction with transaction fees that users pay to secure faster confirmation.
A few weeks later a second solo miner collected more than $ 373,000 in rewards Based on the price of bitcoin that day after the mining of 907,283.
Magazine: Bitcoin compared to the threat of computer volume – timeline and solution (2025–2035)
