1 year ago
Shortly aft Bitmain announced its volition to motorboat a caller bitcoin mining rig astatine the 2023 World Digital Mining Summit (WDMS) successful Hong Kong this September, Canaan, different mining instrumentality giant, hinted astatine introducing a “groundbreaking” merchandise poised to elevate the BTC mining sphere.
Canaan’s Big Reveal: Setting the Stage for a New Era successful BTC Mining?
Canaan, the publicly-traded bitcoin mining rig producer, is gearing up to observe its decade-long journey. This Thursday, they disclosed plans for an lawsuit successful Singapore connected September 12, 2023, aptly named “Avalon Bitcoin & Crypto Day.” The lawsuit promises to beryllium a hotspot for bitcoin mining bigwigs, with Canaan emphasizing a affluent tapestry of “insight exchange, collaborative learning, and networking avenues.”
Meanwhile, Canaan remains tight-lipped astir the specifics of its upcoming innovation, leaving radical guessing whether it’s a caller Avalon model. However, their teaser does committedness the assemblage volition “witness the debut of a groundbreaking, industry-redefining merchandise that volition signifier the aboriginal of bitcoin mining.” Moreover, Canaan’s online store is showcasing monolithic discounts connected older Avalon models, slashing prices by 77% to 89%.
To enactment things successful perspective, the Avalon Miner A1326, boasting a powerfulness of 115 terahash per 2nd (TH/s), which erstwhile carried a hefty $8,800 terms tag, tin present beryllium snagged for conscionable $1,495. This determination by Canaan comes connected the heels of an announcement from its rival, Bitmain, who besides plans a merchandise uncover this September. Bitmain has played its cards, unveiling the sanction of its upcoming rig arsenic the Antminer S21, touting it arsenic a pioneer with an ratio beneath 20 joules per terahash (J/T).
With the mining manufacture contention ever moving astatine a relentless pace, some Canaan and Bitmain look to beryllium vying to outdo Microbt’s recent addition to the Whatsminer series. The Whatsminer M53S++ boasts an awesome 320 terahash per 2nd (TH/s) and an ratio of 22 J/T. Notably, Luxor got a sneak peek of the M53S++ successful precocious July, witnessing its capableness overclocked to an astounding 360 TH/s.
In the fiscal realm, Canaan’s shares person seen amended days, with a 13% dip against the U.S. dollar successful the past week and a somewhat steeper 15% diminution implicit the past month. Since the announcement, however, pre-market values amusement Canaan’s shares could spot a 2% emergence during the trading time connected August 17, 2023. On a brighter note, Canaan’s year-to-date show showcases a 17% uptick against the greenback.
What bash you deliberation astir Canaan’s latest announcement? Do you expect a caller Avalon miner volition beryllium released? Share your thoughts and opinions astir this taxable successful the comments conception below.
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