The mining equipment maker Canaan unveiled two new Avalon Made 13-series Bitcoin miners.
Canaan Inc. Launches New Generation of Bitcoin Mining Machineshttps://t.co/5dqCtvLL4P
— Canaan Inc. (@canaanio) October 24, 2022
ASIC miner A1346 generates a hash rate of 110 TH/s with an energy efficiency of 30 J/TH. The A1366 model has 130 TH/s and 25 J/TH.
For comparison, the flagship of the previous series, — Avalon Made A1266 — delivers 100 TH/s at 35 J/TH.
«We are now working around the clock along the entire supply chain to prepare for future orders and the sale of new products to our customers. While current industry problems persist, the fundamental values and long-term prospects of Bitcoin and the mining industry remain strong», — Nangeng Zhao, Chairman and CEO of Canaan.
The company did not disclose prices for the new-series models. The A1366 ASIC miner is not available in the firm’s store. The most capable device today, the A1246-96T, is available for $3,072, down from $7,176.
In October, Foundry specialists described the situation in the ASIC miner market as ‘deflationary spiral’. They say there is a gap between prices offered by sellers and what buyers are willing to pay.
For example, the latest ASIC miners such as Bitmain’s Antminer S19J Pro (30 J/TH) are willing to part with $15 per TH or less. Most sellers ask $20 per TH. Given the claimed hash rate of 96 TH/s, Canaan offers the A1246-96T at $32/TH.
In June 2021 the company began Bitcoin mining in Kazakhstan, gradually expanding capacity.
Later, the firm announced the opening a mining facility in the United States.
In May the SEC included Canaan in a preliminary list of Chinese companies subject to delisting from U.S. stock exchanges.
In November 2019 the firm became the first among mining equipment manufacturers to go public. In the IPO on Nasdaq, the company raised $90 million by issuing 10 million depositary receipts at $9 each.
As of writing, they remain listed on the exchange, with premarket trading around $3.14. The shares are far from their July 2021 highs — above $34.50 — and much closer to June 2020 levels — around $2.
In April, MicroBT unveiled the new Whatsminer M50 series. The flagship M50S boasts a hash rate of 126 TH/s at 26 J/TH.
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