Now is a good time to mining. Canaan has released the AvalonMiner1246 with a hashrate of 90TH/s, a power consumption of 3420W, and a power efficiency of 38J/TH. The A1246 to meet the needs for higher hashrate and higher efficiency of our customers.

The photos were published showing that the Canaan had completed the production of a batch of AvalonMiner1166 Pro. The staff stated that these new machines would be sent to a mining farm in Kazakhstan.

On September 21, Canaan released its A1246 with a hashrate of 90TH/s, a power consumption of 3420W, and a power efficiency of 38J/TH. It is AvalonMiner’s first product with a hashrate of 90TH/s.

Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$10 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from September 22, 2020.