AvalonMiner released its new A1166Pro with a hashrate of 81TH/s±3%

We appreciate your long term commitment and loyalty through the peaks and valleys of bitcoin working together with us to decentralize mining. It’s time to arm your farm for the next bitcoin bull run.

Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Ms. Li Zhang (“Ms. Zhang”), has resigned as a vice president of the Company to pursue other opportunities.

We have changed our operations model in 2021. Previously we were selling bitcoin mining machines mostly to individual mining operators who may not have longer-term planning. In late 2020, we shifted our client base to mostly publicly traded companies and bitcoin-focused investment funds which tend to place sizable orders with longer-term commitment.