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New generation of BTC miners from Canaan

by Vaibhav
October 24, 2022
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New generation of BTC miners from Canaan
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Canaan has introduced two new Avalon Made 13 series miners.

Canaan Inc. Launches New Generation of Bitcoin Mining Machineshttps://t.co/5dqCtvLL4P

— Canaan Inc. (@canaanio) October 24, 2022

ASIC miner A1346 generates a hash rate of 110 TH/s with an energy efficiency of 30 J/TH. Model A1366 has 130 TH/s and 25 J/TH respectively.

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For example, presented in April 2022, the flagship of the previous series – Avalon Made A1266 – gave a processing power of 100 TH / s at 35 J / TH.

“We are now working around the clock throughout the supply chain to prepare for future orders and sales of new products to our customers,” said Canaan Chairman and CEO Nangeng Zhao.

The cost of the model of the new series remains unknown. The A1366 ASIC miner is not available in the company’s store. The highest performing device to date, the A1246-96T, is available for $3,072, up from its previous price of $7,176.

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Recall that in May, the SEC included Canaan in a preliminary list of Chinese companies subject to delisting from US stock exchanges.

In November 2019, the company was the first mining equipment manufacturer entered the stock exchange. During the IPO on Nasdaq, the company raised $90 million by placing 10 million depositary receipts at a price of $9.

At the time of writing, the papers continue to be traded on the site, the premarket estimates them at $3.14. Quotes are an order of magnitude inferior to the highs of July 2021 – above $ 34.5, and much closer to the levels of June 2020 – below $2.

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