Shares of Canaan Inc. , a leading provider of supercomputing solutions and bitcoin mining machine manufacturer, are soaring 14% in pre-market trading on Friday. This surge follows the company's announcement of securing its largest U.S. bitcoin mining order in three years, which had already propelled the stock to a 27% gain in the previous trading session.

Canaan revealed that it received a purchase order from a U.S.-based bitcoin miner for over 50,000 Avalon A15 Pro mining machines. This represents the company's most substantial order in the past three years, signaling a potential resurgence in the cryptocurrency mining sector. The massive order underscores the growing demand for high-performance mining equipment in the U.S. market, which has become increasingly important for cryptocurrency mining companies.

Nangeng Zhang, Canaan's CEO, emphasized the significance of this deal, stating that it "highlights not only the strength of our Avalon A15 Pro, but also our deep commitment to serving customers worldwide, with a particular focus on building long-term partnerships in the U.S. market." This development has positive implications not only for Canaan but also for the broader cryptocurrency mining industry, suggesting renewed confidence in bitcoin mining operations. Investors will be watching closely to see if this order marks the beginning of a new growth phase for the company and the sector as a whole.