Chinese language crypto mining rig producer Canaan Inc. on October 24 launched the Avalon Made A13 series, a new generation of bitcoin mining machines.

Powered by superior ASIC applied sciences, the brand new A13 sequence will embrace two totally different fashions with enhanced computing energy and improved energy effectivity in comparison with its predecessors. The A1346 mannequin contains a hash charge of 110 TH/s and energy effectivity of 30J/TH. The A1366 mannequin, alternatively, is supplied with a hash charge of 130TH/s and energy effectivity of 25J/TH. consumers have to fill out a “cooperation session” type in an effort to inquire about buying the brand new A13s.

Nangeng Zhang, Chairman and Chief Govt Officer of Canaan, commented, “Whereas the present challenges within the trade persist, the elemental values and the long-term progress prospects of bitcoin and the supercomputing trade stay sturdy. We consider that our new technology of merchandise will allow us to higher fulfill our mission of supporting the bitcoin ecosystem.”

Based in April 2013, Nasdaq-listed Canaan’s enterprise is principally targeted on the R&D and the sale of bitcoin mining gear in addition to the R&D of AI chips. In 2013, it launched and mass produced its first ASIC Bitcoin mining machine.

Along with its headquarters in Beijing, Canaan has additionally arrange regional operations in Singapore and different places of work in the USA and Kazakhstan. The US, with extra pleasant insurance policies in direction of the crypto mining discipline, grew to become an interesting market after China intensified its crackdown on the trade in Might 2021.

SEE ALSO: China’s Bitcoin Miners Stumble amid Crypto Crackdown

Regardless of headwinds within the international crypto market, Canaan is constant its growth in North America by constructing warehouses, logistics and restore items, whereas exploring alternatives to broaden mining operations within the area, the CEO mentioned in an August earnings name. Canaan reported second-quarter FY22 income progress of 52.8% year-on-year to $246.7 million. Its inventory has elevated over the last 30 days, leaping 3.86% larger towards the US greenback.




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