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| 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 H2 | 4nm | 275-295 TH/s | ~12.8 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) | 2026 H1 | 3nm | 260 TH/s | ~9.45 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? |
| Period | EH/s shipped | ASP ($/TH) |
|---|---|---|
| Q1 2023 | 1.8 | 9 |
| Q2 2023 | 1.5 | 10 |
| Q3 2023 | 1.9 | 11 |
| Q4 2023 | 2.4 | 12 |
| Q1 2024 (pre-halving) | 3.1 | 10 |
| Q2 2024 (post-halving Apr) | 3.8 | 15 |
| Q3 2024 | 4.2 | 18 |
| Q4 2024 (peak ASP) | 4.8 | 22 |
| Q1 2025 | 5.2 | 20 |
| Q2 2025 | 5.6 | 19 |
| Q3 2025 | 6 | 18 |
| Q4 2025 | 6.4 | 17 |
| Q1 2026 | 6.8 | 16 |
| Period | BTC held | ETH held | BTC mined in month |
|---|---|---|---|
| Jul 31, 2026 | 1,917 | 3,952 | 46 |
| Period | Operating EH/s | Installed EH/s |
|---|---|---|
| Jul 31, 2026 | 14.24 | 14.89 |
| Period | Slice | Installed MW |
|---|---|---|
| Jul 31, 2026 | North America non-JV | 88.7 |
| Jul 31, 2026 | North America JV | 120 |
| Jul 31, 2026 | Non-North America | 157.5 |
| Jul 31, 2026 | Global non-JV | 246.2 |
| Jul 31, 2026 | Global JV | 120 |
| Period | Region | Operating EH/s | Installed EH/s |
|---|---|---|---|
| Jul 31, 2026 | America | 4.9 | 4.9 |
| Jul 31, 2026 | JV-WindHQ | 4.2 | 4.85 |
| Jul 31, 2026 | Ethiopia (paused) | 4.96 | 4.96 |
| Jul 31, 2026 | Canada | 0.06 | 0.06 |
| Jul 31, 2026 | Malaysia | 0.08 | 0.08 |
| Jul 31, 2026 | Middle East | 0.04 | 0.04 |