Canaan announces their own crypto-mining business in Kazakhstan with their latest Avalon Miner units already in operation.

As demand for Bitcoin mining continues on its upward momentum in line with the increased demand for mining machines, we are pleased to embark on our partnership with HIVE Blockchain, which will see HIVE purchasing 6,400 Canaan AvalonMiner 1246 Miners. We look to continue supporting HIVE as they focus on new opportunities to increase their Bitcoin mining capacity. The addition of these 6,400 1246 Miners will see HIVE's aggregate operating hash rate from Bitcoin mining increase to an estimated 1.229 Exahash per second (EH/s) or 1,229 PH/s by the end of 2021.

Canaan released the AI access control， its equipped with edge computing AI chip K210，which supports face recognition of wearing masks，with an accuracy rate of 97.4%.

This week, US-based ASIC mining hardware retailer Blokforge received their shipments of the A1246 and took the time to review the machine’s performance in comparison to some of our previous models. As a SHA256 cryptocurrency miner, AvalonMiners are often used for bitcoin mining but can be used for other cryptocurrencies based on SHA256 cryptography.