CAN · Canaan Inc.

Canaan Inc. has extended its collaboration with Tether through a follow-on order for customized high-density mining hash board modules, building on a successful 2025 proof-of-concept R&D project involving ACME Swisstech. These modules integrate into Tether's next-generation immersion-cooled systems, offering advantages like higher compute density, optimized thermal management, dynamic hash rate control, and simplified operations. The deployment targets a Tether-affiliated facility in South America, with an option for future volume expansion. CEO Nangeng Zhang highlighted growing demand for modular hardware that allows partners to optimize system architecture, reflecting an industry shift toward customizable compute infrastructure. Tether CEO Paolo Ardoino emphasized the benefits of modular compute for cost control and scalability in large-scale operations, differentiating from traditional fixed units.