Canaan Acquires 49% Stake in WindHQ Joint Venture Mining Projects in West Texas

Reuters05:11

Canaan Acquires 49% Stake in WindHQ Joint Venture Mining Projects in <a href="https://laohu8.com/S/WTXR">West Texas</a>

Canaan Inc. has acquired Cipher Mining’s 49% equity interest in a joint venture comprising Alborz LLC, Bear LLC, and Chief Mountain LLC, giving Canaan a 49% stake alongside WindHQ LLC’s 51% in the West Texas “ABC Projects.” The fully operational sites provide 120 MW of power capacity supporting about 4.4 EH/s of hashrate, and the deal also includes Canaan’s purchase of 6,840 Avalon A15Pro mining rigs from Cipher.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN93132) on February 23, 2026, and is solely responsible for the information contained therein.

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