Canaan Inc. (CAN) Launches its Latest Generation Bitcoin Mining Machine, the Avalon A16 Series [Yahoo! Finance]
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: Yahoo! Finance
on October 28 the official launch of its latest generation bitcoin mining machine, the Avalon A16 series (the A16) at the Blockchain Life 2025 summit in Dubai, marking a considerable advancement in mining performance and chip innovation. Why Is Core Scientific Inc (CORZ) Plunging In 2025? Management reported that the newly launched Avalon A16XP air-cooled model (the A16XP) delivers “300 terahash per second (TH/s) of computing power per unit at a power efficiency of 12.8 joules per terahash (J/TH)”. The A16XP is one of the most competitive mining machines in the market at present, equipped with “Avalon's superior durability and reliability”. It empowers mining clients to “maintain operational advantage and maximize return on investment, even amid rising network difficulty”. Canaan Inc. (NASDAQ:CAN) added that with the advancement of this strategic model, the company is well-positioned to “capture greater value throughout industry cycles”, while simultaneously enhancing resiliency
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CAN
News
- Bitcoin mining in China rebounds, defying 2021 ban [BNN Bloomberg (Canada)]BNN Bloomberg
- Canaan (NASDAQ:CAN) had its price target lowered by analysts at B. Riley from $3.00 to $2.50. They now have a "buy" rating on the stock.MarketBeat
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $4.00 price target on the stock.MarketBeat
- Canaan Inc. (CAN) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Canaan Inc (CAN) Q3 2025 Earnings Call Highlights: Record Revenue and Mining Milestones Amid ... [Yahoo! Finance]Yahoo! Finance
CAN
Earnings
- 11/18/25 - Beat
CAN
Sec Filings
- 11/18/25 - Form 6-K
- 11/12/25 - Form 6-K
- 11/7/25 - Form 6-K
- CAN's page on the SEC website