Canaan Secures Key Agreements to Boost Bitcoin Mining in North America
Canaan (Nasdaq: CAN) is expanding its U.S. presence through new mining agreements with Mawson Infrastructure Group.
The company secured a three-year colocation deal for a Pennsylvania facility and a 24-month hosting agreement in Texas, expecting to deploy 4.7 EH/s hashrate by Q2 2025. CEO Nangeng Zhang highlighted favorable U.S. regulations as key to the expansion, supporting both self-mining and equipment sales.
Mawson’s CEO emphasized integrating Canaan’s hardware with its infrastructure. While financial details remain undisclosed, the move aligns with industry trends leveraging U.S. energy markets and regulatory stability.
Clever Robot News Desk 28th March 2025
