Summary by Moomoo AI
Canaan Inc., a leading provider of high-performance computing solutions, announced the launch of its new Avalon A1566 mining machine at the Bitcoin Asia exhibition in Hong Kong on May 9, 2024. The A1566 is the second generation of the 1xJ/T series products and boasts a computing power of 185Thash/s with an energy efficiency ratio of 18.5J/T. This new model is expected to provide users with a more reliable mining experience and help them adapt to the post-halving period of Bitcoin, enhancing profitability and risk resistance. Canaan's commitment to advancing mining technology is further demonstrated by its consumer-oriented product, the Avalon Nano 3, and its comprehensive solutions showcased at the exhibition. Canaan, established in 2013 and listed on the NASDAQ under the ticker symbol CAN, is known for its ASIC high-performance computing chip design and production. The company's forward-looking statements in the announcement highlight its strategic plans and expectations for the industry's growth, product demand, and market acceptance.
