05:59 PM EDT, 09/08/2025 (MT Newswires) -- Canaan (CAN) said Monday it entered a partnership with Luxor Technology to offer financing for purchases of cryptocurrency mining machines.

Luxor will provide non-dilutive financing at competitive rates with low collateral requirements for Canaan's Avalon mining machines.

The partnership already facilitated the sale of more than 5,000 Avalon A15 Pro bitcoin mining machines in August to an undisclosed US-based institutional bitcoin miner, Canaan said.

Separately, Singapore-based Canaan reported it mined 98 bitcoins (BTC-USD) in August, up from 89 in July.

As of Aug. 31, the company held 1,547 bitcoins, up from 1,511 bitcoins at the end of July.