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The company Canaan unveiled the Avalon Made A1366I miner model for mining the first cryptocurrency with immersion cooling.
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We’re showcasing our new product the #AvalonMade A1366I Immersion Cooling Miner, with a hashrate of 165TH/s ±5% and power efficiency of 30J/T ±5%. So, join us at #Bitcoin2023 and come see what all the fuss is about!
Buy Avalon: https://t.co/hyUqEvtQwy pic.twitter.com/leen8bXLZq
— Canaan Inc. (@canaanio) May 19, 2023
According to the manufacturer, the device generates a hashrate of 165 TH/s and an efficiency of 30 J/TH.
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Among the advantages of using immersion cooling technology for devices, the company cited:
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- safer and more efficient overclocking;
- no noise;
- increased lifespan, thanks to dust protection.
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The manufacturer did not disclose the price of the Avalon Made A1366I.
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The first models of the 13-series were presented in October 2022. The company said the hashrate for the flagship A1366 is 130 TH/s at 25 J/TH.
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In November 2019 the firm, the first among mining equipment manufacturers to go public, on Nasdaq raised $90 million by selling 10 million American depositary receipts at $9.
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In July 2021 the stock price reached a peak above $34.50, while in June 2020 it traded below $2.
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After the trading session of May 18 Canaan’s shares fell by almost 5%, closing at $2.49. At the time of writing, premarket valued the shares at $2.51 — up 0.8%.
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Recall, the competitor Canaan — MicroBT — presented the WhatsMiner M53S++ miner with a hashrate of 320 TH/s and an efficiency of 22 J/TH.