Canaan, a leading manufacturer of cryptocurrency mining equipment, has unveiled its latest A14 series Bitcoin miners during an event in Dubai this week, marking a strategic foray into the Middle East market.
The A1466 and A1466I miners, one air-cooled and the other immersion-cooled come equipped with cutting-edge features tailored to the climate of the region and in alignment with Canaan’s sustainability goals.
The Middle East holds immense promise for Canaan, as it boasts a burgeoning blockchain ecosystem, a commitment to renewable energy, and a crypto economy that reached a valuation of nearly $390 billion the previous year. Additionally, the region is playing a pivotal role in advancing green initiatives, as it is set to host the 2023 COP28 climate summit.
Canaan’s objective is to align with these sustainability objectives while capitalizing on the Middle East’s thriving crypto and blockchain sector. The company prides itself on its track record of designing energy-efficient mining rigs and participating in eco-friendly mining ventures worldwide.
The A1466I, tailored for use in harsh desert environments, incorporates a proprietary cooling system that allows for overclocking and achieves an impressive 250 TH/s hash rate while efficiently dissipating heat. On the other hand, the air-cooled A1466 delivers a hash rate of up to 180 TH/s with an energy-efficient ratio of 21.5 J/T, making it an economical choice for miners. Both models are adaptable to meet the specific requirements of clients.
Canaan sees the Middle East as a natural extension of its global expansion strategy, given the shared emphasis on innovation and sustainability. With the introduction of the A14 series, the company is committed to facilitating cleaner and more advanced cryptocurrency mining practices throughout the region.