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.

Canaan announced its face mask detection model has been successfully deployed in the PaddlePi-K210 terminal core computing module that was jointly developed with Baidu.

In Sep.2020, Canaan - One of the top bitcoin miner manufacturer launched the newest generation of Avalon miner - A1246, in which the hash rate can be achieved 90T/s, power efficiency is 38J/T.

"Whether it's a groundbreaking chip innovation or a new technology, the mining industry still has years to go as it awaits the next revolution in bitcoin mining." Our CEO Nangeng Zhang reflects on the state of innovation in crypto mining with Nasdaq.