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 Opens 10 Megawatt Datacenter in Sweden

Innovative natural technology provides scalable datacenter solutions.

As is being reported in Cryptocoinsnews and Breakit, Canaan has opened and is scaling a new datacenter in Boden, Sweden. With 10 Megawatt (MW) capacity to Grow the Blockchain, Canaan’s CEO N.G. Zhang said:

Canaan Creative is expanding to Europe to continue developing blockchain technology for new markets and applications. We came to the conclusion that Boden is the best location for us to drive blockchain technology to the next level.

If you are interested in learning more about Canaan’s Datacenters and Canaan working with you to build your datacenter, please read more and send us love@canaan.io.

AvalonMiner 721 Power Connectors

With the AvalonMiner 721 we upgraded the number and quality of power connectors.

The AvalonMiner 721 is ROQ Solid. In the AvalonMiner 721 we upgraded the number and quality of power connectors to increase efficiency and reliability of the AvalonMiner 721. The front face of the AvalonMiner 721 now has “8-on-front” 6-pin female power connectors so that an operator connects 8 of a power supply unit’s 6-pin male power connectors to an AvalonMiner 721. In our tests, Canaan has seen a 5-8 % increase in efficiency in our latest generation miner by moving from 4 power connectors to 8. Also, by connecting 8-on-front power connectors with quality cables, an AvalonMiner 721 should run even more consistently and reliably.

Please read more about the AvalonMiner 721 Power Connectors in this FAQ Question. If you have more questions, please do submit a support ticket.

Keep the Faith! Innovation Over Acquisition

Canaan chooses innovation over acquisition.

Today, Canaan is announcing that we are choosing to focus on innovation and will not pursue the deal to be acquired by Chinese electronics manufacturer Luyitong (LYT). We take all opportunities seriously that will improve the strength of our company. And now, it is time we focus on growing our business.

Today’s choice proves that Canaan is a global innovator. While Canaan spent time and resources pulling together this deal, those efforts are not wasted. They are contributions to our future. Internally Canaan strengthened our management structure, refreshed our public image, and have our product pipelines flowing to deliver solid reliable and efficient bitcoin technology solutions worldwide.

Over the last few months we have been saying we are here to “grow the blockchain.” We have used fresh images of nature like outside of our office in Beijing to help motivate our team and customers to move beyond technology innovation and into the spirit of healthy growth. That is what Canaan needs. That is what we choose.

Like most of you, we “keep the faith” in bitcoin. We are committed to increasing the decentralization of bitcoin, continuing our push for open source software on our products, and improving confidence in bitcoin and blockchain technologies.

Canaan is now three years old. We are a 100 person team that has outlasted several competitors. We cannot stop pushing innovation forward or be distracted with anything less than bringing the best high quality products with the best service to the world.

I know most of you are asking, “When is your next AvalonMiner coming out?” You will hear from us very soon…

Hello World! We are Canaan.

Yes, Canaan is being acquired. We are committed to bringing your more innovations…

Hello World! We are Canaan. Yes, it is true. Canaan is being acquired by LYT, an electronics company. This deal is a vote of confidence in the three years of products and services we invented and released. This acquisition and investment provides us the necessary resources and autonomy to make even better products and innovations that our customers expect. Canaan’s expertise as an integrated circuit (IC) design company is strengthened.

These are big times for the blockchain, technology and innovation in the world. Amazingly, Canaan is based in Beijing, not Silicon Valley. We are a growing team of 100 working hard to bring great products and services to support people. We, like many of you, believe strongly in Open Source, the Decentralized Web, trying new things, building our families, eating good food, being healthy and making the world a better place.

I am N.G. Zhang, pronounced EN-GEE-JON-G, the founder and CEO of Canaan Creative. I am known for my fun technology projects which eventually led to making the repetition ASIC chips, blockchain hardware computers all the way up to our successful Avalon6 product. And, we are not finished! We have new products and innovations coming, deeper than integrated circuits and beyond the blockchain.

Do you have any questions about Canaan? Are you interested in writing a story about the Avalon product line? This is an invitation to journalists, technologists and enthusiasts to please write to us at love@canaan.io. Also, keep reading here for the latest updates, and follow us on twitter. Let’s work together to Grow the Blockchain.

Sincerely,

@ngzhang

Grow the Blockchain

We are here. We support people. We support our products.

Continuing our spring cleaning to usher in new green freshness, we merged our shop Ehash into this site. Moving forward, all products are sold through Canaan.io. All accounts from Ehash that made a transaction have been integrated into Canaan.io. If you want service or support for your Canaan and Canaan Avalon products you acquired, please come to Canaan.

We are here. We support people. We support our products.