Canaan introduced the Avalon Made A1366I miner model for mining the first cryptocurrency with immersion cooling.
We’re showcasing our new product the #AvalonMade A1366I Immersion Cooling Miner, with a hashrate of 165TH/s ±5% and power efficiency of 30J/T ±5%. So join us at #Bitcoin2023 and come see what all the fuss is about!
Buy Avalon: https://t.co/hyUqEvtQwy pic.twitter.com/leen8bXLZq
— Canaan Inc. (@canaanio) May 19, 2023
According to the manufacturer, the device generates a hash rate of 165 TH / s, energy efficiency is 30 J / TH.
Among the advantages of using the technology of immersing devices in a coolant, the company named:
- safer and more efficient overclocking;
- no noise;
- increased service life due to dust protection.
The manufacturer did not announce the price for Avalon Made A1366I.
The company presented the first models of devices of the 13th series in October 2022. The hash rate for the flagship A1366 in Canaan was declared at 130 TH / s with an efficiency of 25 J / TH.
In November 2019, the company was the first mining equipment manufacturer to go public on the stock exchange. During the IPO on Nasdaq, the company raised $90 million by placing 10 million depositary receipts at a price of $9.
In July 2021, the stock price recorded a maximum at levels above $34.5, while in June 2020 it fell below $2.
As a result of the trading session on May 18, Canaan quotes lost almost almost 5%, closing at $2.49. At the time of writing, the premarket price of the company is $2.51, up 0.8%.
Recall that Canaan’s competitor MicroBT introduced the WhatsMiner M53S++ miner with a hash rate of 320 TH/s and an energy efficiency of 22 J/TH.
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