Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With as much as 130 Terahash

On Monday, bitcoin mining rig producer Canaan Inc., introduced the launch of the corporate’s newest high-performance bitcoin miners referred to as the A13 collection. Canaan has revealed two fashions within the A13 collection, which function “improved power efficiency over its predecessors,” and the brand new fashions produce an estimated 110 to 130 terahash per second (TH/s).

Canaan Launches 2 Models From the A13 Series

Mining rig producer Canaan (Nasdaq: CAN) introduced the launch of two new mining rigs on October 24, that function “enhanced computing power.” The new machines embrace the Avalon A1366 and the Avalon A1346.

In phrases of hashrate, the brand new A1366 mannequin produces an estimated 130 TH/s and consumes 3259 watts (W) off the wall. The A1366 has an influence effectivity score of round 25 joules per terahash (J/TH).

Canaan’s A1346 mannequin produces an estimated 110 TH/s and a single machine consumes 3300 W from the wall. The A1346 mining rig has an total energy effectivity score of round 30 J/TH, based on Canaan’s statistics.

While the brand new Canaan items can be found for buy on Canaan’s web site, the brand new Avalon fashions don’t function costs for every machine. Interested consumers must fill out a “cooperation consultation” type, with the intention to inquire about buying the brand new A13s.

The A13s are extra highly effective than the A12 collection Canaan produces, which supply 90 to 100 TH/s of hashpower relying on the unit. Canaan’s CEO says the brand new A13s are a milestone for the corporate’s excessive computing energy analysis.

“The launch of our new era bitcoin mining machine is a key analysis and improvement milestone as we take our pursuit of upper computing energy, higher energy effectivity, superior person expertise, and optimum cost-effectiveness to an entire new stage,” the chairman and CEO of Canaan Nangeng Zhang stated in a press release on Monday.

Avalon miners have come a good distance for the reason that first mannequin was launched to most of the people. The Avalon miner was the primary bitcoin application-specific built-in circuit (ASIC) mining rig to hit the consumer market in January 2013.

The first Avalon featured 64 gigahash per second (GH/s) of hashrate, which equates to 0.068 TH/s. That means the newest A1366 mining rig is 191,076% extra environment friendly than the primary Avalon produced for the patron market.

In reality, the newest A1366 is extra highly effective than what was devoted to the complete Bitcoin community on the time, which had a complete community hashrate of round 22 TH/s in January 2013. Canaan’s inventory has elevated over the last 30 days, leaping 3.86% increased towards the U.S. greenback.

However, six-month statistics point out that CAN is down 18.02% towards the dollar at the moment. Prior to the opening bell on Wall Street on Monday morning, CAN’s worth is round $3.23 per share.

Canaan’s CEO detailed that the corporate is “working around the clock, across the supply chain, to prepare for future purchase orders and deliveries of the new products to our clients worldwide.” Canaan’s rivals Bitmain and Microbt have additionally launched high-performance bitcoin miners this 12 months.

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