Canaan sets new pricing for AvalonMiner 741

Canaan announces new $714 price for its popular AvalonMiner 741.

HONG KONG, May 21, 2017 – ​Hong Kong based Canaan.io ​announced a dramatic move in prices on it’s Avalon series of miners. As the price of cryptocurrencies continue to escalate, our drop in pricing makes mining an attractive option again for the individual miner. Steven Mosher, Head of Global sales, said “Going forward we expect the companies that build mining equipment to make more regular and predictable increases in machine capability. The next big jump in capability won’t happen until production moves to 7nm in 2018, so it makes sense to move the prices down and open up more opportunity for individual miners.”

SMART-SPEED. The AvalonMiner 741 delivers a hash rate that does not fall below 7.3 TH/s and can achieve rates above 8 TH/s. This performance is the result of a unique chip design. Unlike other ASICs that are speed sorted, the A3212, is designed to “find” its optimum speed by dynamically increasing the internal clocks and simultaneously verifying the output. Min Chen, Canaan Chief Technology Officer explains: “With SMART SPEED every chip is pushed to its optimum frequency based on the real time conditions. We dynamically monitor the hashing functions to ensure that only valid hashes are output while driving every internal core to the maximum achievable frequency for that core” Pricing And Availability​: The AvalonMiner 741 is now available priced at $714 on canaan.io.

About Canaan

Founded in 2013, Canaan (Canaan Creative) is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions . Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the Avalon Blockchain ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors.

About Canaan.io

Canaan.io operates global sales and marketing from Hong Kong.

Contact

Contact: Steven Mosher
Ph: +1-408-313-9284
email: steve@canaan.io

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PDF Release

Website

AvalonMiner 741 in Canaan.io Shop

Canaan @ Consensus 2017

Come meet Canaan, Learn about our Announcements

In addition to announcing the acquisition of ProofOfExistence.com, an Investment round of $43 Million USD to support growth and an updated price for AvalonMiner A741 @ $714, Canaan will be at Consensus 2017 in New York City, Monday May 22 until Wednesday May 24. Find one of us Canaanites wearing a Canaan blue t-shirt and get lucky with a free shirt from us while they last 🙂

Also, for members of the press we will be in a specific Canaan media suite on Monday, May 22 and Tuesday, May 23 from 10 am to 6 pm at the New York Marriott Marquis (4th – 7th Floors), 1535 Broadway New York, NY 10036.

See you at #Consensus2017!

Canaan raises 43 Million in Investment round

Canaan Creative raises 43M in new investment and plans for AI chips #growtheblockchain #AI​ #KPU

BEIJING, May 21, 2017 – ​Canaan-Creative worldwide leader in design and manufacturing of blockchain ASICs and miners announced that it has received an A round investment of 300M CNY (43M USD) from three different investment groups: Baopu Asset, JinJiang Group, and Tulan Investment. Also, they announced that work would be complete this year on a new ASIC aimed at the Artificial Intelligence market.

N.G Zhang, CEO and Founder of Canaan said, “We started Canaan in 2013 and were first to bring ASIC technology to the blockchain. Now, with our investors support we plan to grow the blockchain and also ship the world’s first KPU, Knowledge Processing Unit, a chip dedicated to doing AI.”

As the blockchain has continued to grow and be accepted around the world Canaan plans to expand its sight to other aspects of the blockchain, including blockchain services. In addition, their success in the blockchain space offers them the strength and experience to deliver products in the equally exciting AI market. Steven Mosher, head of Global Sales and marketing explains, “The blockchain space continues to offer us opportunities to do exciting new ASICs and other hardware devices. We plan to expand our reach in that space. The AI space is equally exciting and with this new investment our future roadmap is very exciting.”

In 2017 , the company is plans to ship the first artificial intelligence ASIC, or KPU. The chip will be fabricated at TSMC will be cost effective and power-efficient. Min Chen Canaan CTO: “The device will include a powerful dual core processor
and an artificial Neural network and can provide real-time and offline personalized services in the smart home, and autonomous vehicles and could be used for motion control and speech recognition.”

About Canaan

Founded in 2013, Canaan (Canaan Creative) is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions . Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the Avalon Blockchain ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors.

About Canaan.io

Canaan.io operates global sales and marketing from Hong Kong.

Contact

Contact: Steven Mosher
Ph: +1-408-313-9284
email: steve@canaan.io

Attachments

PDF Release

Website

canaan.io

Canaan Acquires Proof of Existence

Canaan acquires blockchain services company Proof-of-existence #growtheblockchain

HONG KONG, May 21, 2017 – ​Canaan.io the Hong Kong based subsidiary of Canaan-Creative announced that it has acquired Proof-of-Existence from Manuel Araoz and retained the founder as an advisor on future product developments and other blockchain related services. Proof-of-Existence was launched 4 years ago on May 21, 2013. It has processed thousands of documents supplying customers with immutable proof of existence for their assets.

Canaan, known for it’s ASIC design and manufacturing expertise has recently closed a round of financing for $43 Million to support its upcoming 7nm designs and to enter the AI market with its first Knowledge Processing Unit (KPU). The Proof-of-Existence acquisition signals the company’s intention to include blockchain services in its growing product portfolio.

Xiangfu Liu, co-founder of Canaan, said “The blockchain space offers us opportunities on the hardware side and on the services side. We make the hardware that secures the blockchain; and now with the acquisition of Proof-of-Existence, we will also build services on top of the tamper proof features of the blockchain.” As a part of the acquisition, Araoz has agreed to continue on and advise the company in improvements to the product as well as other software services. The agreement ensures that there will be no interruptions in services and no changes in the API.

As Araoz explains, “I’m really happy to close this deal with Canaan. First and foremost because they understand blockchain technology. They’ve been around for years, and they expend hard dollars to build the chips that secure the blockchain. I’m looking forward to enhancing the product, and exploring other blockchain services.”

About Canaan

Founded in 2013, Canaan (Canaan Creative) is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions . Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the Avalon Blockchain ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors.

About Canaan.io

Canaan.io operates global sales and marketing from Hong Kong.

Attachments

PDF Release

Website

proofofexistence.com