Key Points
- Canaan Inc. has released a new bitcoin mining machine, the A1566, from its Avalon A15 series.
- The machine boasts an energy efficiency ratio of 18.5J/T and a hashing power of 185T.
Canaan Inc. has introduced its latest Bitcoin mining machine, the A1566, as part of the Avalon A15 series.
The machine demonstrates an energy efficiency ratio of 18.5J/T and a hashing power of 185T, with a power consumption of 3420W.
Product Development and Market Research
Canaan’s new series represents the company’s increased focus on product development and market research. The company has also been working closely with key partners to provide high-quality, resilient mining solutions.
This is particularly important in the post-halving era, as stated by the company in their press release.
Enhancing Profitability
The Avalon A15 series is aimed at increasing profitability for users, underlining Canaan’s dedication to innovation in the blockchain sector.
Canaan, a tech company established in 2013, specializes in ASIC high-performance computing chips.
Two executives from the company recently announced plans to jointly purchase at least $2 million worth of company shares, stating that the company is significantly undervalued.
In January, the company, which is listed on Nasdaq, raised $50 million in preferred-shares financing from an undisclosed institutional investor. This funding will be used to boost its production capacity.