Canaan introduces immersion cooled Bitcoin miner

by in Cryptocurrency News

Canaan

One of the oldest manufacturers of ASIC equipment, Canaan Creative, has introduced a miner with an immersion cooling system - Avalon A1066I.

Unlike common air-cooled devices, the electrical components of the A1066I are immersed in a special dielectric fluid that removes heat. Mining modules work inside the refrigerant. That ensures quiet operation.

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The hash rate of the device is 50 TH/s, power consumption is 3400 W. According to the information on the website, the manufacturer guarantees a 45% overclocking factor.

In November 2019, Canaan raised $ 90 million in an IPO and placed 10 million ADS at $ 9. During the month, the company's securities sank 40% - on December 13, their market value fell to $ 5.71.

In mid-June 2020, the quotations of the Chinese manufacturer's securities fell below $ 2, but in the fall, they began a confident recovery against the backdrop of an increase in the price of bitcoin.