The Bitcoin Mining Firm Canaan Optimistic About Future Though Their Is A Decrease In Profit

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Canaan
Canaan

Canaan a top supplier of high-performance computing solutions today unveiled the Avalon Made A13 (“A13”) series, a new generation of high-performance bitcoin mining equipment.

The new A13 series, which includes two different models and is powered by cutting-edge ASIC technologies, will have more computing power and better power efficiency than its forerunners. Model A1346 has a hash rate of 110 TH/s and a power efficiency of 30J/TH. Model 

Chinese Company Canaan Going From Strength To Strength

The debut of our next-generation bitcoin mining device is a significant research and development milestone as we raise the bar on our pursuit of greater computational power, improved power efficiency, superior user experience, and maximum cost-effectiveness, according to Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan. The entire supply chain is currently working around the clock to get ready for upcoming purchase orders and deliveries of new items to our clients all around the world. While the industry’s current problems continue.

The industry of supercomputing and bitcoin both maintain robust fundamentals and long-term growth prospects. We firmly believe that by delivering top-notch goods, services, and solutions, our new generation of products will help us better achieve our goal of assisting the bitcoin ecosystem.

Canaan was founded in 2013 and specializes in ASIC high-performance computing chip design, chip research and development, computing equipment manufacture, and software services. The company’s philosophy is “supercomputing is what we do, social enrichment is why we do it.”

and improved ASIC fabrication efficiency. It first made and distributed ASIC Bitcoin mining equipment in 2013. The first 7nm ASIC chip was made available to the public by Canaan in 2018, giving the cryptocurrency mining sector energy-efficient computing equipment. The potential of ASIC technology in the fields of high-performance computing and artificial intelligence was further realized in the same year when Canaan unveiled the first RISC-V architecture commercial edge AI chip. Though Canaan’s profits are decreasing due to the crypto fiasco, the officials are very positive that they will bounce back.