Canaan Introduces Cutting-Edge Bitcoin Mining Machines

Canaan Introduces Cutting-Edge Bitcoin Mining Machines
  • Canaan Inc CAN, a high-performance computing solutions provider, launched its new generation of high-performance bitcoin mining machines, the Avalon Made A13 series.
  • Powered by advanced ASIC technologies, the new A13 series will include two different models with enhanced computing power and improved power efficiency over its predecessors
  • Model A1346 features a hash rate of 110 TH/s and a power efficiency of 30J/TH. 
  • Model A1366 has a hash rate of 130TH/s and a power efficiency of 25J/TH.
  • Chair and CEO Nangeng Zhang commented, "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."
  • Canaan reported second-quarter FY22 revenue growth of 52.8% year-on-year to $246.7 million, missing the consensus of $257.7 million
  • Earnings per ADS were $0.53, beating the consensus of $0.35.
  • Total computing power sold decreased 7.7% Y/Y to 5.5 million Thash/s.
  • Price Action: CAN shares traded lower by 4.02% at $3.10 in the premarket on the last check Monday.
  • Canaan Bitcoin Mining (photos credit: SPF by Shutterstock an Wikipedia)

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