Canaan Inc. just raised $72 million in a strategic equity push from Brevan Howard, Galaxy Digital, and Weiss Asset Management, turbocharging Bitcoin mining hardware production in the United States [1]. The move signals heavy institutional confidence in US-based mining expansion [1].
Canaan’s funding push With the round, Canaan Inc. accelerates U.S. production of mining rigs, leaning into the Avalon A16 series to meet rising demand [3]. The capital backs domestic manufacturing and ecosystem scale for crypto mining hardware [3].
Ripple across US mining infrastructure The funding wave hints at a broader push to scale US-focused mining infrastructure, backed by Brevan Howard, Galaxy Digital, and Weiss Asset Management [1]. This cohort’s involvement is read as conviction in the hardware backbone powering crypto mining growth [1].
Broader institutional appetite Separately, Fidelity took a stake in Riot Platforms, underscoring growing institutional appetite for mining exposure [5]. Together, these moves sketch a capital surge aimed at expanding US production and scale for crypto mining hardware and related infrastructure [5].
Watch how this translates into more US-made rigs, upgraded power and data-center infrastructure, and a bigger hash rate in the months ahead.
References
CANAAN SECURES $72 MILLION IN STRATEGIC EQUITY TO BOOST BITCOIN MINING OPERATIONS Canaan announced
Canaan raises $72M strategic equity to expand Bitcoin mining hardware and U.S. production amid rising global demand for growth opportunities.
View sourceCanaan Inc. just landed a $72M boost from BH Digital, Galaxy Digital, and Weiss Asset Management. Wi
Canaan Inc. secures $72M from major investors; Avalon A16 launches; aims to disrupt Bitcoin mining.
View sourceFidelity takes a stake in $RIOT
Fidelity takes stake in Riot Platforms, signaling investor interest in bitcoin mining company.
View source