Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash

On Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce an estimated 110 to 130 terahash per second (TH/s).

Mining rig manufacturer Canaan (Nasdaq: CAN) announced the launch of two new mining rigs on October 24, that feature “enhanced computing power.” The new machines include the Avalon A1366 and the Avalon A1346.

In terms of hashrate, the new A1366 model produces an estimated 130 TH/s and consumes 3259 watts (W) off the wall. The A1366 has a power efficiency rating of around 25 joules per terahash (J/TH).

Canaan’s A1346 model produces an estimated 110 TH/s and a single machine consumes 3300 W from the wall. The A1346 mining rig has an overall power efficiency rating of around 30 J/TH, according to Canaan’s statistics.

While the new Canaan units are available for purchase on Canaan’s website, the new Avalon models do not feature prices for each machine. Interested buyers need to fill out a “cooperation consultation” form, in order to inquire about purchasing the new A13s.

The A13s are more powerful than the A12 series Canaan produces, which offer 90 to 100 TH/s of hashpower depending on the unit. Canaan’s CEO says the new A13s are a milestone for the company’s high computing power research.

“The launch of our new generation bitcoin mining machine is a key research and development milestone as we take our pursuit of higher computing power, better power efficiency, superior user experience, and optimal cost-effectiveness to a whole new level,” the chairman and CEO of Canaan Nangeng Zhang said in a statement on Monday.

Avalon miners have come a long way since the first model was released to the general public. The Avalon miner was the first bitcoin application-specific integrated circuit (ASIC) mining rig to hit the consumer market in January 2013.

The first Avalon featured 64 gigahash per second (GH/s) of hashrate, which equates to 0.068 TH/s. That means the latest A1366 mining rig is 191,076% more efficient than the first Avalon produced for the consumer market.

In fact, the latest A1366 is more powerful than what was dedicated to the entire Bitcoin network at the time, which had a total network hashrate of around 22 TH/s in January 2013. Canaan’s stock has increased during the last 30 days, jumping 3.86% higher against the U.S. dollar.

However, six-month statistics indicate that CAN is down 18.02% against the greenback today. Prior to the opening bell on Wall Street on Monday morning, CAN’s value is around $3.23 per share.

Canaan’s CEO detailed that the company is “working around the clock, across the supply chain, to prepare for future purchase orders and deliveries of the new products to our clients worldwide.” Canaan’s competitors Bitmain and Microbt have also launched high-performance bitcoin miners this year.

What do you think about the latest bitcoin mining rigs produced by Canaan? Let us know what you think about this subject in the comments section below.