Could a Short Squeeze Be Brewing for Canaan? Reading Market Sentiment from Avalon Orders and Price Targets

Could a short squeeze be brewing for Canaan Inc.? Renewed energy deals and a monster Avalon order are fueling fresh chatter as Q4 deliveries loom.

Big moves driving sentiment

• Avalon A15 Pro order — More than 50,000 mining machines are on tap from a U.S.-based operator, the largest single order in three years, with delivery scheduled for Q4 2025 ^[1].

• Soluna Holdings partnership — A 20 MW renewable-powered mining deal in Texas tightens the company’s energy strategy, with Africa operations scaling as well ^[1].

• Aurora AZ Energy JV — In Calgary, a venture aims to convert distributed natural gas into high-density computing environments ^[1].

• Compliance milestone and squeeze angle — CAN passed compliance, and some investors see a potential short squeeze if the stock can hold above $1 ^[1].

Prices and catalysts to watch

• Analysts peg a price target around $2.50-$3 in November ^[2].

• Catalysts into December include treasury strategy moves and major orders that could lift sentiment further ^[2].

Bottom line: the confluence of a mega Avalon order, energy deals, and concrete price targets gives Canaan a clear headline path for the near term, with risk tied to BTC cycles and delivery timelines ^[1][2].

References