Canaan Announces Partnership with Luna Squares Texas to Deploy 9,144 Bitcoin Miners

Singapore-based mining hardware manufacturer Canaan has announced a partnership agreement with U.S. Bitcoin mining company Luna Squares Texas.

As part of the collaboration, the partners will deploy 3,480 Avalon A14 machines and 5,664 Avalon A15 machines at the Willow Wells facility, operated by Luna Squares personnel. The facility is set to launch by Q1 2025, delivering approximately 1.62 EH/s of computing power once fully operational.

提携の一環として、両パートナーは3,480台のAvalon A14マシンと5,664台のAvalon A15マシンをウィローウェルズ施設に配備し、ルナ・スクエアの担当者が運営する。この施設は 2025 年第 1 四半期までに稼働する予定で、完全に稼働すると約 1.62 EH/s のコンピューティング能力を提供します。

The strategic goal is 10 EH/s by mid-2025

According to the terms of the agreement, revenue distribution will vary depending on the equipment model. For Avalon A14 machines, each company will receive 50% of the revenue, while for Avalon A15 machines, Canaan will initially receive 70% of the revenue to recover capital expenditures. After that, the revenue split will revert to 50/50 between the parties.

According to the terms of the agreement, revenue distribution will vary depending on the equipment model. Avalon A14 マシンの場合、各企業は収益の 50% を受け取りますが、Avalon A15 マシンの場合、Canaan は当初、資本支出を回収するために収益の 70% を受け取ります。 After that, the revenue split will revert to 50/50 between the parties.

Canaan’s Chairman and CEO, Nangeng Zhang, highlighted that the partnership with Luna Squares Texas aligns with Canaan’s strategic goal to achieve a mining capacity of 10 EH/s by mid-2025.

Canaan の会長兼 CEO である Nangeng Zhang 氏は、Luna Squares Texas とのパートナーシップは、2025 年半ばまでに 10 EH/s の採掘能力を達成するという Canaan の戦略目標と一致していると強調しました。

Following the announcement of the deal, Canaan's shares on Nasdaq surged by 4%.

As we wrote, mining has long been dominated by large corporations, but every year more devices are being introduced that allow individuals to mine Bitcoin at home. In the future, home mining devices could account for 20% of all mining hardware.

私たちが書いたように、マイニングは長い間大企業によって独占されてきましたが、個人が自宅でビットコインをマイニングできるようにするデバイスが毎年導入されています。 In the future, home mining devices could account for 20% of all mining hardware.