Key Points
- Canaan Inc has launched its new Bitcoin mining machine, the A1566 model, with an energy efficiency ratio of 18.5J/T.
- The A1566 model is part of the Avalon A15 series and is designed to maximize profitability for users.
Canaan Inc, a major player in the cryptocurrency mining industry, has launched its latest Bitcoin mining machine, the A1566 model.
This model, which is part of the Avalon A15 series, boasts an energy efficiency ratio of 18.5J/T, a remarkable 185T hashing power, and operates with a power consumption of 3420W.
Revolutionizing Mining Efficiency
The A1566 model is a significant leap forward in mining technology, setting a new standard for performance in the Bitcoin mining space.
Canaan’s advanced technology ensures that the A1566 model not only delivers superior performance but also seeks profitability for its users, especially in the post-halving era where efficiency is paramount to success.
In a company statement about its latest group of machines, Canaan emphasized its commitment to delivering high-quality, resilient mining solutions that are particularly crucial in the post-halving era.
The A1566 model was designed to withstand the demands of continuous operation while maximizing output.
A Legacy of Innovation
Canaan Inc, established in 2013, has a rich history of innovation.
Under the leadership of founder and CEO Mr Nangeng Zhang, Canaan’s founding team made history by shipping the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name, Avalon.
The launch of the A1566 model is a testament to Canaan’s ongoing dedication to pushing the boundaries of Bitcoin mining technology.
With its superior energy efficiency and robust performance, the A1566 is poised to become the go-to choice for miners looking to optimize their operations and stay ahead in a highly competitive market.
Recently, there were reports that two executives were planning to jointly purchase at least $2 million worth of company shares, claiming that the company was “deeply undervalued.”
The Nasdaq-listed firm has also been making moves to enhance its production capacity, following a $50 million raise in preferred-shares financing from an undisclosed institutional investor in January.