Canaan to Deploy 20 MW of Avalon Bitcoin Miners at Soluna’s Texas Site
Canaan has signed a colocation agreement with Soluna (NASDAQ: SLNH) to host 1 EH/s of its Avalon 15XP bitcoin miners as the manufacturer seeks to turn inventory surplus into proprietary mining expansion in North America.
Canaan and Soluna announced on Tuesday that the 20 megawatt hosting agreement at Soluna’s Project Dorothy facility in Briscoe County, Texas, is expected to come online in the first quarter of 2026.
The move underscores the Singaporean manufacturer’s push to balance hardware sales with direct bitcoin mining at a time when miner demand has slowed in some regions.
For Soluna, the agreement marks another step in monetizing its renewable-powered digital infrastructure. The Project Dorothy site is said to primarily operate on behind-the-meter wind power while retaining access to the grid to ensure high uptime, combining cost efficiency with reliability.
Canaan’s chairman and CEO Nangeng Zhang said the deal advances the company’s North American self-mining strategy. “Coupling our efficient Avalon A15 XP miners with Soluna’s infrastructure should be a win for both companies,” he said in a statement.
Year-to-date, Canaan has ramped up its proprietary bitcoin mining capacity by 95% to 6.44 EH/s of realized hashrate as of August.
The partnership highlights how mining hardware manufacturers are increasingly turning to proprietary operations to diversify revenue.
Bitmain, the sector’s largest producer, has sold ready-to-run fleets to Asian investors while also expanding its own mining capacity through affiliates such as Antpool and Antalpha. MicroBT, meanwhile, has leaned on its U.S. production base to support both hardware sales and long-term fleet deployment by partners.
