Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended September 30, 2020.

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.