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Cryptocurrency News Articles
Canaan Unveils Avalon Mini 3 and Avalon Nano 3S Bitcoin (BTC) Mining Heaters at CES 2025
Jan 08, 2025 at 04:47 pm
Canaan, a blockchain hardware manufacturer, unveiled two potentially game-changing products at the 2025 Consumer Electronics Show (CES) in Las Vegas.
Blockchain hardware manufacturer Canaan unveiled two products at CES 2025 that could change the game for small-scale Bitcoin mining.
The company introduced the Avalon Mini 3 and Avalon Nano 3S, which double as home heaters with heat recycling features to reduce electricity usage and environmental impact.
Both devices are app-controlled and feature a sleek, quiet design for optimal efficiency and ease of use. They're also compact and portable, making them easy to install and operate.
In addition to being heaters, Canaan's devices are also capable of mining Bitcoin. The Avalon Mini 3S, an upgrade from the Avalon Mini 3, boasts a hashrate of 37.5 terahashes per second (Th/s), while the Avalon Nano 3 delivers 6 Th/s.
Users can tap into the devices' heat recycling feature to generate excess energy, which can then be channeled into the computational requirements of Bitcoin mining, effectively turning their home heating experience into a financially rewarding endeavor.
The products are available for pre-order now through the end of February 2025. The Avalon Mini 3 is priced at $899, while the Avalon Nano 3S will set you back $249. The company notes that the current pricing applies "while supplies last."
During a speech at the event, Canaan CEO NG Zhang highlighted his company's mission to make Bitcoin mining accessible to all. He spoke about how their technology can help achieve this goal without sacrificing the environment.
"The Avalon Mini 3 and Avalon 3S embody our vision of user-friendly, practical mining solutions for the modern individual," said Zhang. "We're reimagining how technology can create value while minimizing environmental waste.
"The Avalon Mini 3's ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology," he added.
About Canaan
Canaan Inc. (Nasdaq: CAN) is a publicly traded company that engages in the research, design, and sale of integrated circuits (IC). The company also develops blockchain solutions, including cryptocurrency mining hardware.
Canaan distributes its products in the United States, China, and Hong Kong. According to Nasdaq, the majority of the company's revenue is derived from China.
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- Canaan Unveils Avalon Mini 3 and Nano 3S, Bitcoin Mining Devices That Also Function as Home Heaters
- Jan 09, 2025 at 12:50 pm
- Blockchain hardware titan Canaan (Nasdaq: CAN) has unveiled two avant-garde bitcoin mining devices at CES 2025: the Avalon Mini 3 and Avalon Nano 3S. Crafted to fuse the realms of cryptocurrency mining with residential heating, these gadgets are poised to captivate those keen on decentralized mining.