LAS VEGAS, January 7, 2025 — Canaan Inc. (NASDAQ: CAN), a leading blockchain hardware producer, unveiled the Avalon Mini 3 and Nano 3S in Las Vegas. These innovative Bitcoin mining devices aim to make cryptocurrency mining more accessible to individuals, integrating home heating with crypto mining.

Product Features

Canaan is revolutionizing home cryptocurrency mining with two advanced devices. The Avalon Mini 3, boasting a 37.5Th/s Hashrate, uniquely combines efficient Bitcoin mining with home heating. Its app control and quiet design offer a user-friendly, energy-efficient solution.

The Avalon Nano 3S, an upgrade to the popular Avalon Nano 3, features a 6Th/s Hashrate and is a budget-friendly option. Its compact and portable design, coupled with low power consumption, makes it perfect for individual users, supporting Bitcoin network decentralization.

Enhanced Energy Efficiency

The Avalon Mini 3 simultaneously mines Bitcoin and heats homes, providing a novel way for homeowners to reduce energy costs and their environmental footprint. This device innovatively recycles heat, transforming Bitcoin mining into a dual-purpose solution offering both cryptocurrency and home comfort.

“We are dedicated to making Bitcoin mining accessible to everyone,” stated NG Zhang, Canaan’s CEO and founder. “The Avalon Mini 3 and Avalon 3S embody our vision of user-friendly, practical mining solutions. We are reimagining how technology creates value while minimizing waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating a home exemplifies our commitment to sustainable, multi-purpose technology.”

Availability

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Until the end of February 2025, the Avalon Nano 3S is priced at USD249 and the Avalon Mini 3 at USD899, while supplies last.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN) is a technology company specializing in ASIC high-performance computing chip design, research and development, equipment manufacturing, and software services. In 2013, under CEO and founder Mr. Nangeng Zhang, Canaan delivered the world’s first ASIC Bitcoin mining machines under the Avalon brand.

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