Canaan Unveils the New Avalon A1566 Mining Machines at Bitcoin Asia
Canaan Inc. unveiled the new Avalon A1566 mining machines at the Bitcoin Asia exhibition, showcasing a computing power of 185Thash/s and an energy efficiency ratio of 18.5J/T. The A1566 sets a new performance benchmark with improved power efficiency and aims to enhance profitability and risk resistance for users in the post-halving period. Canaan also showcased the popular consumer-oriented product Avalon Nano 3 and reiterated its commitment to advancing mining technology.
The Avalon A1566 mining machines offer outstanding computing power of 185Thash/s, setting a new performance benchmark.
The targeted energy efficiency ratio of 18.5J/T enhances power efficiency, improving profitability and risk resistance for users.
Canaan's ongoing market research and investment in product development have led to the launch of the second generation of 1xJ/T series products, reflecting the company's commitment to innovation.
The partnership with advanced chip manufacturers has resulted in chips that perform better using the latest processes, ensuring superior product quality.
The introduction of the A1566 mining machines, along with the consumer-oriented Avalon Nano 3 product and comprehensive solutions, demonstrates Canaan's dedication to providing efficient and cost-effective mining solutions worldwide.
- None.
The Avalon Miner A1566, with an outstanding computing power of 185Thash/s and a targeted optimized energy efficiency ratio of 18.5J/T, is the second generation of 1xJ/T series products released by Canaan. The A1566 provides a more dependable mining experience, setting a new benchmark in performance with improved power efficiency. The new model is the result of Canaan's ongoing market research, heightened investment in product development, and partnership with partners to create chips that perform better using the most recent advanced process. Canaan believes that the A1566 will let users actively adapt to the "post-halving" period, boosting profitability and risk resistance even more.
The Bitcoin
With the introduction of A1566, along with Avalon Nano 3, as well as Canaan's comprehensive solutions, the Company remains committed to advancing mining technology, aiming to provide more efficient and cost-effective solutions for bitcoin miners worldwide.
About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in bitcoin's history under the brand name, Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.
Safe Harbor Statement
This announcement contains forward−looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry in China; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.
Investor Relations Contact:
Canaan Inc.
Ms. Xi Zhang
Email: IR@canaan-creative.com
ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com
View original content:https://www.prnewswire.com/news-releases/canaan-unveils-the-new-avalon-a1566-mining-machines-at-bitcoin-asia-302140959.html
SOURCE Canaan Inc.
