Canaan Creative Avalonminer A911 Crypto Mining Rig is Coming, Home Appliance Integration in Full Effect

Canaan To Launch A New Mining Rig Model Known As AvalonMiner A911

At 2018 Mining Summit which was held in China’s southwestern city of Chengdu, Canaan Creative announced a new mining rig model known as AvalonMiner A911. The company has also allegedly stated its plan of developing a 5nm mining chip.

Specifications Of AvalonMiner A911

AvalonMiner A911 has a maximum hashrate of 18 THs and the power consumption is 1440w. It will provide 80 Watts per THS power usage. As the company said in its official Wechat account, the newly-launched mining rig which is powered by the 7nm mining chip has stronger hash power and consumes less energy than its another flagship miner A921 which has been almost sold out.

In addition to the mining rig, in the mining summit, Chen Feng, Canaan’s AvalonMiner Sales Director also introduced several new products the mining giant plans to launch soon, including a cloud computing heater and a mobile mining farm called “Avalon Box” as well as the AI chip named Kendryte. With these products, Canaan hopes to make crypto mining a functional part of household life.

Canaan To Develop 5nm chip

Just two months after showcasing its new 7nm mining chip, Canaan Creative has supposedly announced that it will seek to develop a 5nm mining chip. In contrast to TSMC’s 7nm chip, the company’s planned 5nm chip will adopt extreme ultraviolet lithography

“for more critical layers to reduce multi-pattern process complexity while achieving aggressive die area scaling.”

The statement comes after the Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor manufacturer, published in June that it intends to start trial production of its “5nm Fin Field-Effect Transistor process technology” during the second half of 2019, with a goal of mass producing the nodes during 2020. At the time, Reuters reported that the company expects to invest $25 billion into developing the technology.

Notably, Canaan Creative filed its 1 $billion IPO application on the Hong Kong Stock Exchange in May, reporting around $205 million in revenue in 2017 alone. Although the crypto market is in a bear trend, the No.2 hardware seller is doubling down its efforts to develop advanced chips and other mining products, in a bid to gain a competitive edge

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