Canaan Unveils Next-Generation Bitcoin Mining Machines
October 26, 2022
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Canaan Inc Intrinsic Value – Canaan Inc ($NASDAQ:CAN), a leading provider of high-performance blockchain hardware and solutions, has unveiled its next-generation bitcoin mining machines. The new Avalon Made A13 series includes two different models, powered by advanced ASIC technologies. Model A1346 features a hash rate of 110 TH/s and a power efficiency of 30J/TH, while Model A1366 offers 130TH/s hash rate with a power efficiency of 25J/TH.
The new mining machines offer significantly enhanced computing power and power efficiency compared to their predecessors, making them ideal for large-scale bitcoin mining operations. With their superior performance, the Avalon Made A13 series is expected to further solidify Canaan’s position as a leading player in the bitcoin mining hardware space.
Share Price
CANAAN INC, a key player in the Bitcoin mining industry, has unveiled its next-generation mining machines. The machines are designed to be more efficient and deliver more hash power than previous models, making them more attractive to miners. The stock opened at $3.1 on Monday and closed at $3.1, down by 3.4% from last closing price of 3.2. The stock has been under pressure recently as investors worry about the potential for regulation of the cryptocurrency industry.
However, the new machines could help to boost demand for CANAAN INC stock as miners look to upgrade their equipment.
VI Analysis – Canaan Inc Intrinsic Value Calculator
CANAAN INC is a company with strong fundamentals and long-term potential. The company’s financials reflect its strong position, and the company’s share price is undervalued by 84%. The company’s share price is currently around $3.1, and the fair value is around $20.0.
VI Peers
Canaan Inc is a leading manufacturer of high performance computing systems. It is engaged in the research, development, manufacture and sale of bitcoin mining machines and AI hardware and software solutions. The Company has a number of competitors in the market including Lian Hong Art Co Ltd, Pixela Corp, Inventec Corp.
– Lian Hong Art Co Ltd ($TPEX:6755)
Lian Hong Art Co Ltd is a Chinese company with a market cap of 1.25 billion as of 2022. The company’s return on equity is 1.06%. The company is engaged in the business of art and antiques. It is one of the largest art and antiques dealers in China. The company has a wide variety of products, including paintings, calligraphy, ceramics, jade, and other works of art.
– Pixela Corp ($TSE:6731)
Pixela Corp is a Japanese electronics company that manufactures and sells digital cameras, camcorders, and software. The company has a market cap of 2.08B as of 2022 and a ROE of -51.73%. Pixela Corp was founded in 1981 and is headquartered in Tokyo, Japan.
– Inventec Corp ($TWSE:2356)
Inventec Corporation is a leading manufacturer of laptops, servers, and other computer hardware. The company has a market capitalization of over $81 billion and a return on equity of 10.9%. Inventec is headquartered in Taiwan and has manufacturing facilities in China, the Czech Republic, and Mexico. The company employs over 30,000 people worldwide. Inventec is a publicly traded company on the Taiwan Stock Exchange (ticker symbol: 2356).
Summary
Canaan Inc is a Chinese company that designs and manufactures high-performance computing hardware for the global blockchain ecosystem. Canaan Inc’s mission is to accelerate the development of the global blockchain ecosystem by providing innovative, high-performance computing hardware and solutions. Canaan Inc’s products include the AvalonMiner, the world’s most efficient bitcoin mining machine. The AvalonMiner is designed for both large-scale mining operations and small-scale miners. Canaan Inc also offers a range of other products, including the AvalonMiner Controller, a web-based management system for the AvalonMiner.
Canaan Inc is listed on the Nasdaq Global Select Market under the ticker symbol CAN. Investing in Canaan Inc can offer investors exposure to the burgeoning blockchain technology sector. As blockchain technology continues to develop and gain mainstream adoption, Canaan Inc is well-positioned to benefit from this trend.
