Canaan Secures Follow-On Purchase Orders from Cipher and Stronghold
SINGAPORE, Jan. 3, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan”), a leading high-performance computing solutions provider, today announced that it has secured follow-on purchase orders from joint venture entities of Cipher Mining Inc. (NASDAQ: CIFR) (“Cipher”) and from Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”). The orders, which combined involve the purchase of over 17,000 Bitcoin mining machines, build upon Canaan’s existing relationships with Cipher and Stronghold.
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