Canaan Inc. has recently launched its latest bitcoin mining machine, the A1566, which boasts an impressive energy efficiency ratio of 18.5J/T.

This cutting-edge technology is designed to provide resilient mining solutions, particularly in the post-halving era. The Avalon A15 series aims to enhance user profitability, underscoring Canaan's dedication to innovation in the blockchain sector. Established in 2013, Canaan is a technology company specializing in ASIC high-performance computing chips.

The company has made significant strides, including a $50 million investment in preferred-shares financing from an undisclosed institutional investor in January to boost production capacity.

Two executives recently expressed their confidence in the company's potential, announcing plans to jointly purchase at least $2 million worth of shares, citing Canaan's undervaluation.