<a href="https://ultramining.com/news/en/canaan-s-revenue-drops-by-72/" rel="noopener noreferrer nofollow">Canaan</a> is celebrating 12 years since its founder, N.G. Zhang, introduced the world's first ASIC bitcoin miner, Avalon1 , in 2012. This breakthrough in technology revolutionized cryptocurrency mining, significantly increasing efficiency and making mining more accessible to large-scale operators. Avalon1, the first mass-produced ASIC miner, was delivered to customers in January 2013, and since then, Canaan has continued to lead in mining <a href="https://ultramining.com/hardware/" rel="noopener noreferrer nofollow">hardware</a> innovation.
Since the release of Avalon1, Canaan has developed several generations of ASIC miners, constantly improving their efficiency and performance. The company's current models have far outperformed their predecessors in speed and energy efficiency, making Canaan one of the leading manufacturers of <a href="https://ultramining.com/en/hardware/" rel="noopener noreferrer nofollow">bitcoin mining hardware</a>.
This milestone marks an important chapter in the crypto industry, highlighting the importance of innovation and technological breakthroughs that Canaan brings to the world of bitcoin mining.

Canaan celebrates 12-year journey of revolutionizing bitcoin mining

Ultramining_Eng

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