Canaan Makes Strategic Entry Into Middle East With Launch Of Its A14 Series Bitcoin Miners

Canaan, a world pioneer and chief in blockchain know-how and cryptocurrency mining options, introduced the launch of two of its most superior Bitcoin Miners, the air cooling Bitcoin Miner, A1466, and the immersion cooling Bitcoin Miner, A1466I, on the Blockchain Life 2023 occasion in Dubai. This initiative marks a key milestone  in Canaan’s international growth technique, significantly focusing on the Center East’s strong blockchain and renewable power markets.

Key options of the A1466I Bitcoin Miner:

• Superior Thermal Effectivity — Canaan’s A1466I employs cutting-edge immersion cooling know-how famend for optimizing warmth dispersion within the energy-intensive subject of crypto-mining.
• Revolutionary Efficiency and Effectivity — In a sector the place dependable efficiency is essential, the A1466I provides overclocking capabilities that enhance its hash fee from 170TH/s to 250TH/s. This makes the A14 sequence a noteworthy possibility for miners within the Center East & North Africa, the sixth-largest crypto financial system globally, and a area that held an estimated $389.8 billion in on-chain worth final 12 months.
• Strong Sturdiness — Constructed to resist the distinctive environmental situations of the Center East—reminiscent of excessive humidity and salinity—the A1466I’s immersion cooling Bitcoin miners include a protecting barrier,  considerably extending the machine’s lifespan. This considerably reduces the necessity for upkeep, thereby contributing to a cheaper possession expertise.
• Desert-Prepared Design — The A1466I incorporates a design optimized for arid climates. By submerging the unit in specialised cooling fluids, it provides an added layer of safety towards exterior particles frequent in desert areas.
• Customization Flexibility — To fulfill numerous consumer wants, Canaan gives customization choices for the A1466I, from cooling programs to {hardware} configurations.

Launched alongside the A1466I, the A1466 Bitcoin Miner represents the latest technology of Canaan’s air cooling mining programs. Designed to maximise energy effectivity and efficiency, the A1466 operates at an energy-efficient 21.5 J/T whereas delivering a hash fee starting from 150 TH/s to 180 TH/s. This progressive mix of options positions the A1466 as some of the cost-effective options within the Bitcoin mining trade.

Strategic Alignment with Center East’s Sustainability and Blockchain Ecosystem

“The Center East is not only a vital market but in addition a burgeoning blockchain hub that enhances Canaan’s expansive targets,” says Davis Hui, Vice President of Canaan. “The area’s progressive regulatory panorama and dedication to renewable power match completely with our worldwide methods, from environmental sustainability to technological innovation.”

Because the host of the upcoming COP28, the Center East is main the way in which in inexperienced transition efforts, making it a vital a part of Canaan’s environmental technique. Furthermore, the area’s rising standing as a blockchain hub provides one other layer of strategic alignment. Because the creator of the world’s first ASIC bitcoin miner and the primary crypto firm listed on Nasdaq, Canaan has additionally made vital contributions to the worldwide local weather motion trigger by growing inexperienced mining options and collaborating with its enterprise companions in Kazakhstan and the US to make their bitcoin mining operations environmentally pleasant.

“Bitcoin mining has its critics, particularly relating to its environmental affect,” provides Davis Hui. “Nevertheless, this critique propels innovation in renewable power options, one thing we’re eager to be part of. In parallel, the Center East’s evolving blockchain ecosystem provides a fertile floor for technological developments. We’re dedicated to leveraging each these elements to ascertain a cleaner and extra progressive crypto-mining panorama within the area. Notably, our flagship A14 sequence, particularly the A1466I, has been engineered to fulfill the distinctive environmental situations of the Center East—from excessive humidity and salinity to excessive warmth.”

About Canaan (NASDAQ: CAN)
Canaan is a number one supplier of supercomputing options, distinguished for superior cost-efficiencies and efficiency. In addressing the restrictions of at the moment’s computing {hardware}, Canaan strives to advance the world we dwell in by powering transformative applied sciences.
Canaan is famend for having invented the world’s first ASIC-powered Bitcoin Miner 2013, radically catalyzing the expansion of a computationally superior bitcoin mining sector. As we speak, Canaan continues to be the second largest designer and producer of bitcoin miners globally.
Developed by way of tutorial analysis, rigorous experience in semiconductor design, and backed by a sturdy community of strategic companions, Canaan continues to increase its suite of superior {hardware} choices, exploring alternatives throughout a number of the world’s most fun rising applied sciences.