Canaan Inc. landed a follow-on order from Tether for custom high-density mining hash board modules set for deployment at a Tether-affiliated facility in South America.
Key Takeaways:
Canaan secured a follow-on order from Tether for custom hash board modules deploying to South America in 2026. The modular system, co-designed with ACME Swisstech, cuts operational complexity and boosts compute density for large-scale immersion-cooled mining. Tether holds an option to purchase additional module volume, signaling potential multi-phase expansion of the partnership. Canaan Targets Big Miners With Avalon Modules in Tether DealThe modular design separates the compute layer from the power supply and enclosure components. That split reduces infrastructure complexity, enables dynamic hash rate control, and supports optimized thermal management in immersion-cooled environments.
Canaan CEO Nangeng Zhang said demand is shifting toward hardware built for direct integration into customer-designed systems. “Leveraging our strong ASIC design expertise and flexible development platform, we are delivering customized hash board solutions that enable partners to optimize system architecture at the component level,” Zhang said. He added that the Avalon hash board enables on-demand deployment while cutting operational complexity, particularly in immersion cooling setups.
ACME Swisstech President Giv Zanganeh said the three-way collaboration allowed the team to take a holistic, industrial co-design approach aimed at large-scale operations, diverging from the plug-and-play, retail-oriented products common in today’s market.
The Modules are built around Canaan’s advanced ASIC chips and form part of the company’s next-generation modular mining and compute hardware platform. Canaan positions the platform for flexible integration into partner-designed systems, with immersion-cooled deployments as a primary use case.
The Canaan-Tether collaboration reflects growing operator demand for component-level control over mining infrastructure, a shift away from standardized, fixed hardware toward systems built around high-performance compute building blocks.
