Financial PerformanceCanaan reported December quarter sales up 47.3%, surpassing estimates.
Market DemandDemand for Canaan's new series, with the king A1466 at 150Th/s, drew pre-order levels we have not seen at Canaan in the past, receiving pre-orders for 7.5Eh/s totaling approximately $20M.
Product LaunchCanaan launched its A14 series, with the air-cooled A1466 miner, receiving significant pre-orders and highlighting strong market interest in their latest technology.