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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AvalonMiner 741 in Canaan.io Shop

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

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…