Canaan Unveils Immersion Cooling Avalon Miner A1566I at Mining Disrupt 2024

Canaan Inc. (NASDAQ: CAN), a prominent developer of ASIC Bitcoin miners, has introduced its latest innovation, the Avalon Immersion Cooling Miner A1566I, at the Mining Disrupt 2024 conference. The new miner boasts a hash rate of 249 TH/s and an energy efficiency of 19 J/TH with a power consumption of 4500W, according to PRNewswire.

Key Features of Avalon Immersion Cooling Miner A1566I

The Avalon Miner A1566I is designed to maximize mining output while minimizing operational costs. Key features include:

• Power Efficiency: With a power consumption of 4500W and an energy efficiency of 19J/TH, the miner is optimized for cost-effective performance.
• Innovative Design: Enhanced chip technology improves stability and performance, reducing the energy efficiency ratio to 19J/TH. The rear mesh exhaust design replaces traditional fans, significantly lowering noise levels.
• High ROI: The high hash rate and low power consumption are expected to boost profitability, especially post-Bitcoin's fourth halving.
• Versatile Operating Conditions: The miner can operate in temperatures ranging from 20°C to 50°C with a voltage range of 220-277V. Its lightweight design (11kg) facilitates easy transport and installation.
• Flexible Design for Market Adaptation: The Avalon Miner A1566I is designed to seamlessly integrate with current tank setups, avoiding inefficiencies caused by larger, non-specialized units.

Commitment to Green Mining

The Avalon Miner A1566I aligns with Canaan's ESG (Environmental, Social, and Governance) strategy by enhancing performance while reducing energy consumption and noise pollution. Ning Zhang, Canaan's Vice President and General Manager of Canaan U.S., announced that the company would offer a 2% voucher to miners utilizing green energy for their new orders. This policy underscores Canaan's dedication to promoting environmentally sustainable mining practices.

The successful launch of the Avalon Miner A1566I at Mining Disrupt 2024 highlights Canaan's leading position in the Bitcoin mining industry, setting a clear direction for future advancements. The company continues to drive industry innovation, providing optimal mining solutions for clients worldwide.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN) specializes in ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan went public on the Nasdaq Global Market in 2019.