Canaan Inc. Extends Collaboration with Tether on New Form Factors for Mining and Compute Systems

Canaan has successfully developed customized hash boards for Tether under a pre-agreed R&D framework Modular architecture enables higher compute density, reduced waste, simplified maintenance, and easier upgrade capability SINGAPORE, April 28, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has secured a follow-on order from Tether for high-density mining hash board modules (the "Modules"). These Modules were custom-developed by Canaan to support Tether's next-generation immersion-cooled mining and compute systems.