Canaan is a leading developer of blockchain ASICs and ASIC microprocessors from China. The company was founded in 2013. The company's technologies are used all over the world. The company owns the first developments of SHA-256 based on FPGA, as well as blockchain ASIC Avalon. The manufacturer continues to innovate. Canaan specializes in the production of bitcoin mining devices. The company has more than 300 employees. In 2019, Canaan released the latest device with a 7nm technical process.

Company history
The founder of the company is Nangeng "NG" Zhang.

In 2013, Nangeng Zhang received his PhD and formed Canaan Creative. The first asik-miner was released.

In 2016, Canaan acquired Shandong Luyitong, a public company, for $466 million to go public on the Shenzhen Stock Exchange.

In 2019, the company conducted an IPO in the U.S., spending $90 million and listed on the Nasdaq exchange.

The company issues:
Asic miners series: A10, A11, A12 and immersion-cooled miner for bitcoin mining
Microprocessors series: K210, K510 (+ CRB kit)

Main advantages of Canaan equipment:
  • Increased energy efficiency
  • Excellent cooling system
  • Original high quality components
  • Quick and easy setup