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Canaan Unveils Bitcoin Mining Machine, Sees Speedier ASIC Market Growth

The new model’s mining power and efficiency positions it between rival Bitmain’s S19 and S19 Pro machines.

Canaan's new Avalon 1266 model at the Bitcoin 2022 conference. (Aoyon Ashraf/CoinDesk)
Canaan's new Avalon 1266 model at the Bitcoin 2022 conference. (Aoyon Ashraf/CoinDesk)