A New Generation of Bitcoin Mining Devices is Announced by Canaan Inc.

The Avalon Made A13 ("A13") series of high-performance bitcoin mining machines was introduced today by Canaan Inc., a top developer of high-performance computing solutions.

The new A13 series, which includes two versions with increased computational power and higher power efficiency over its predecessors, is driven by cutting-edge ASIC technologies. Hash rate for the Model A1346 is 110 TH/s, and power efficiency is 30 J/TH. The Model A1366 has a 130TH/s hash rate and a 25J/TH power efficiency.

"The launch of our new generation bitcoin mining machine is a key research and development milestone as we take our pursuit of higher computing power, better power efficiency, superior user experience, and optimal cost effectiveness to a whole new level," said Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan. In order to get ready for upcoming purchase orders and deliveries of the new items to our clients all over the world, we are currently working around the clock across the supply chain. The basic fundamentals and long-term growth potential of bitcoin and the supercomputing sector remain solid despite the industry's ongoing issues. We are confident that our new generation products will help us better achieve our goal of fostering the bitcoin ecosystem by offering top-notch goods, services, and solutions.

About Canaan Inc.

Canaan (NASDAQ: CAN), a technology firm founded in 2013, specializes in the design of ASIC high-performance computing chips, chip research and development, the manufacturing of computing hardware, and software services. "Super computing is what we do, social enrichment is why we do it," reads the company's mission statement. Canaan has optimized production in the ASIC industry and extensive experience designing chips. It published and mass-produced its first ASIC Bitcoin mining device in 2013. Canaan introduced the first 7nm ASIC chip to the world in 2018, giving the cryptocurrency mining sector energy-efficient computing machinery. The world's first RISC-V architecture commercial edge AI chip was made available by Canaan that same year, further maximizing the potential of ASIC technology in the areas of high-performance computing and artificial intelligence.

PR Credit: Yahoo! Finance

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