Canaan Expects $1 Billion+ from Avalonminer Sales in 2020 as Buying Interest Increases

Oct 18, 2019

Canaan Creative, the world’s second largest bitcoin mining machine manufacturer, said it expects to sell 1 million bitcoin miners in 2020 as buying interest increases. Chen Feng, sales director of the Hangzhou, China-based company, said in a live streaming interview with 8btc that the comp...

Bitmain, Canaan Launch 70T Cryptocurrency Miners, Prepared for the Upcoming Bitcoin Halving

Oct 10, 2019

On Oct.9, the China-based crypto mining giant Bitmain launched its two latest Antminer 17 models to the eager market. On the very same day, another leading ASIC producer Canaan also rolled out its next-gen bitcoin miner A11 series. Both new mining rigs from the top two bitcoin miner ...

Chinese Bitcoin Miner Maker Canaan Has Filed for a U.S. IPO, Aiming to Raise $200 Million

Jul 31, 2019

Canaan Creative, one of the world’s largest bitcoin mining machine manufacturer, has already filed an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC), people with knowledge of the matter disclosed. According to the source, the A...

Canaan Expects Its AI Business to Catch Up with Bitcoin Mining in Three Years

May 20, 2019

Canaan Creative, the world’s second-largest bitcoin mining machine manufacturer, is targeting to be a chip company instead of a bitcoin mining company. The company is attaching the same importance to AI chip business as bitcoin mining and aims to generate tens of millions of Chinese yuan in A...

Canaan’s 5nm Mining Chip is Underway, Aim Bigger on Overseas Market

Oct 25, 2018

Canaan, the world’s second largest manufacturer of cryptocurrency mining hardware, unveiled that it has been seeking to develop a 5nm mining chip, just two months after it rolled out its new 7nm mining chip. While the 7nm battle is just beginning, leading contenders have already on the way to ...

ShenMa (Whatsminer) Release 33TH/S Bitcoin Miner M10 with 16nm Chips at 2145W

Aug 15, 2018

The China-based mining machine manufacturer Whatsminer (“ShenMa Miner” in Chinese) on August 12 released its latest ASIC mining model - bitcoin miner M10 with 33 TH (trillion hashes) per second at power consumption of 65W/T. Whatsminer, or Shenma, was founded in Shenzhen by ...

Innosilicon’s Bitcoin Mining ASIC Powered by Samsung’s Low-power FinFET Performs at 63W/TH

Aug 3, 2018

Innosilicon, designer of the industry leading cryptocurrency mining ASIC products, announced on July 31 that it has achieved an industry record-breaking performance in its Terminator Sha256 Bitcoin mining ASIC series by utilizing Samsung Foundry’s advanced low-power FinFET techno...

A $4000 Avalon Miner Only Costs $400 – A Glance of China’s Second Largest Bitcoin Miner Canaan

May 21, 2018

An Avalon miner was once hyped up to 20,000-30,000 yuan ($3,129 - $4,693) when bitcoin was climbing the peak. While according to the prospectus of Canaan, the ex-factory price of an Avalon miner is ranging from 3,122 to 4,402 yuan ($488 - $689), and its unit cost is somewhat between 2,354 to...