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Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced the official launch of its latest generation bitcoin mining machine, the Avalon A16 series ("the A16") at the Blockchain Life 2025 summit in Dubai, representing a significant advancement in mining performance and chip innovation.
The newly launched Avalon A16XP air-cooled model (the "A16XP") delivers 300 terahash per second (TH/s) of computing power per unit at a power efficiency of 12.8 joules per terahash (J/TH). Coupled with Avalon's superior durability and reliability, the A16XP stands among the most competitive mining machines in the market today, empowering mining clients to maintain operational advantage and maximize return on investment, even amid rising network difficulty.
Nangeng Zhang, chairman and chief executive officer of Canaan, commented, "With the launch of the Avalon A16 series, we are delivering on our commitment to sustained innovation. This new product reflects a leap forward for the Company in both energy efficiency and computing power. Driven by advanced design and proven expertise, we continue to set new standards in the industry, showcasing our ability to lead through engineering excellence and execution."
The A16 series mining machines are now available for pre-order and will ship from the Company's production centers in North America, East Asia, and Southeast Asia.
This new product further reinforces Canaan's vertical integration across the bitcoin value chain—from ASIC design and hardware sales to self-mining operations and bitcoin treasury management. By advancing this strategic model, the Company is positioned to capture greater value throughout industry cycles, while improving efficiency, resiliency, and operational agility.
Canaan will continue to expand its international footprint through dedicated sales and service operations across the globe, supporting its bitcoin mining clients by providing world-class hardware solutions and post-sale support.
Posted In: CAN
