Canaan Expands U.S. Miner Production Amid Record Bitcoin Price
Date: 2025-07-21 Author: Gabriel Deangelo Categories: BUSINESS
The miners will be installed at the Black Pearl site in Texas and will come from both Canaan's factories in Malaysia and from production within the U.S. The company emphasized that this is the first significant step in supporting American customers on a large scale through local production.
Canaan CEO Nangeng Zhang noted that interest in the equipment is growing due to the updated Bitcoin price records. However, he also drew attention to the new tariffs - now importing equipment from Malaysia to the U.S. is subject to an additional 10% fee, which forces customers to look for more profitable logistics chains.
Zhang emphasized that the speed of equipment installation, return on investment, and reliability of supply are again important for customers. According to him, thanks to its own production facilities, the company was able to strengthen its position in the market and ensure stable supplies from both Asia and the American plant.
Canaan conducted the first trial release of equipment in the United States back in June. The new Avalon A15Pro units produce a hashrate of 221 TH/s with an energy efficiency rating of about 16.6 J/TH. The delivery of this batch of equipment should add about 1.5 EH/s of computing power to the Black Pearl data center.
The companies did not disclose the financial details of the agreement. However, the manufacturer's official website states that the youngest model from the A15 line is sold at a price of $15.8 per unit of TH/s. According to the Hashrate Index, the average cost of miners with an energy efficiency of no higher than 19 J/TH remains stable and is about $17 per TH/s.
Interestingly, back in December 2024, another major player in the industry, Bitmain, announced the launch of its own production in the United States. This decision was influenced by significant delays in importing equipment into the country.
Expanding local production allows large miners not only to deploy new capacities faster, but also to reduce risks associated with logistics and import tariffs. For Canaan, this is a step towards strengthening trust among American partners and expanding its presence in the North American market in the face of growing demand amid the rise in the Bitcoin exchange rate.
