Canaan
Compare Canaan…Public Bitcoin ASIC manufacturer. Avalon Miner product line. Lower-tier challenger to private leaders Bitmain and MicroBT.
SectorsCrypto
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CanaanPublic Bitcoin ASIC manufacturer. Avalon Miner product line. Lower-tier challenger to private leaders Bitmain and MicroBT.
| Generation | Launch Year | Process Node | TH/s per Unit | Efficiency (J/TH) | |
|---|---|---|---|---|---|
| Avalon A11 series | 2020 | 7nm | 62-90 TH/s | ~32 J/TH | |
| Avalon A12 series | 2021 | 7nm enhanced | 100-110 TH/s | ~30 J/TH | |
| Avalon A13 series | 2022 | 7nm refined | 126-130 TH/s | ~28 J/TH | |
| Avalon A14 series | 2023 | 5nm | 150-170 TH/s | ~24 J/TH | |
| Avalon A14 Pro / Plus | 2023-2024 | 5nm enhanced | 210-220 TH/s | ~19 J/TH | |
| Avalon A15 series | 2024 | 5nm refined | 235-245 TH/s | ~17 J/TH | |
| Avalon A15 Pro | 2024 H2 | 5nm enhanced | 265-285 TH/s | ~14.5 J/TH | |
| Avalon A16 series | 2025 H1 | 4nm | 275-295 TH/s | ~13.0 J/TH | |
| Avalon A16 Pro | 2025 H2 | 4nm enhanced | 300-320 TH/s | ~12.5 J/TH | |
| Avalon A17 series (upcoming) | Target 2026 H2 | 3nm | 330-350 TH/s target | ~11.0 J/TH target | |
| Avalon A18 series (upcoming) | Target 2027 H1 | 3nm enhanced | 360-380 TH/s target | ~9.5 J/TH target | |
| Bitmain S21 XP Hydro (comparison) | 2024 H2 | 5nm enhanced | 473 TH/s | ~13.5 J/TH | |
| Bitdeer SEALMINER A4 (comparison) | 2025 H2 | 3nm | 260 TH/s | ~9.0 J/TH (industry leader) | |
| Editorial. Why this matters | Strategic context | Canaan is the only public pure-play ASIC manufacturer + has the longest publicly-traded ASIC product history (founded 2013; listed Nov 2019). The competitive gap vs Bitdeer's 3nm SEALMINER A4 (~9 J/TH) is the structural challenge. Marquee question: does Canaan close the efficiency gap with Avalon A17 + A18 (3nm) + maintain meaningful institutional-miner share against Bitmain + MicroBT + Bitdeer through 2027-2028? |
Q1 2023-Q1 2026
2019-2025
$CAN
Public Bitcoin ASIC manufacturer. Avalon Miner product line. Lower-tier challenger to private leaders Bitmain and MicroBT.