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 Unveils 50W/T Bitcoin ASIC Miner Avalon A10 for the Upcoming Wet Season

Mar 29, 2019

Canaan Creative, the world’s second largest manufacturer of bitcoin mining hardware, has unveiled its new bitcoin miner Avalonminer A10 after its A9 series hit a success. The A10 model is boasted as a competitive edge for bitcoin mining in the upcoming wet season. The Avalon team claime...

China’s Second Largest Bitcoin Miner Canaan Worth Billions of Dollars after New Funding Round

Mar 12, 2019

On Mar 11, the Securities Times reported that, according to people with knowledge of the matter, Canaan Creative, China’s second-largest maker of Bitcoin mining hardware, has just received hundreds of millions of US dollars through a new funding round. After the fundraising, Canaan now ...

Bitcoin Mining Giant Canaan Considering U.S. IPO in 2019

Jan 9, 2019

On Jan 8, the Bloomberg reported that Canaan Creative, China’s second-largest maker of Bitcoin mining hardware, is considering an initial public offering (IPO) in the U.S.. Canaan was earlier aiming to raise $1 billion through its IPO as reported by the South China Morning P...

Bitcoin Miner Maker Ebang Updates Its Hong Kong IPO Application

Dec 21, 2018

Ebang, or producer of Ebit miner, the leading Chinese bitcoin miner manufacturer, has filed its updated application for a Hong Kong IPO on December 20, days before it expires. The Hangzhou-based company is the third largest cryptocurrency mining equipment maker in the world after Bitm...

Avalon Release 30T 7nm Bitcoin Miner and Two Mining Household Appliances

Aug 9, 2018

August 8, Hangzhou – Canaan (Avalon), the world’s second-biggest maker of bitcoin mining hardware, released four new breaking products – AvalonMiner A9 for bitcoin mining, AvalonMiner L for litecoin mining, bitcoin mining TV and heater at its press conference. AvalonMiner A...

Can Bitmain Go Far with Threats from His Rivals (I) – Friedcat and Avalon

Aug 6, 2018

In the second half of 2018, the China-based miner manufacturers – Bitmain, Canaan and Ebang are gearing up to go public. Apart from the big three above, latecomers in this space like Shenma, Bitfily and Innosilicon are sprinting up rapidly, someday, maybe they could elbow into the new top ...

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...

Canaan Receives 300 Million CNY in Serious A Funding and Plans to Release AI ASIC in 2017

May 4, 2017

It is reported that Canaan Creative received 300 million yuan in serious A funding on May 3 led by Baopu Asset, JinJiang Group and Tunlan Investment. After the ￥300 million of fundraising, Canaan now worth 3.3 billion CNY. Founded in 2013, Canaan Creative, known simply as Ca...