Canaan Creative is a worldwide leader in producing Blockchain servers. Find out everything you need to know about the company today in our Canaan Creative overview.
What Is Canaan?
Canaan Creative, found online at Canaan.io, is a Blockchain server producer and ASIC microprocessor designer. The company’s products are sold around the world.
Today, Canaan Creative’s best-known products include its original SHA-256 (based on FPGA technology) as well as the Avalon Blockchain ASIC. Although the company has expanded in scope in recent years, it’s best known for being a bitcoin mining firm.
The company “continues to innovate” by producing custom-designed ASIC microprocessors to this day, explains the official website.
Canaan Creative maintains a “highly skilled development team” that’s specializing in “advanced technology ASIC processors and beyond.”
About Canaan Creative
Canaan Creative was founded by N.G. Zhang (CEO). His bio page on the Canaan Creative website describes him as “the Next Generation (N.G.) of CEO from Mainland China who combines the best technologies and philosophies from China and the rest of the world”.
Prior to launching Canaan Creative, he invented the first blockchain hardware mining technology.
Zhang created that technology by embedding software algorithms into FPGA hardware. He would later brand the products Icarus and Lancelot. The success of Icarus and Lancelot would lead him to found Canaan Creative in 2013.
Today, Canaan Creative is a 100 person strong and growing company headquartered in Beijing. The company’s full name is Canaan Creative Co. Ltd.
In 2016, Canaan Creative was acquired for approximately $466 million USD, making it one of the largest deals in the history of the bitcoin mining industry. The company was acquired by Chinese electronics company Shandong Luyitong (LYT) in a cash and stock deal.
The news came at a time when other major bitcoin mining operations were going bankrupt or winding down operations.
Purchasing Canaan Creative
Canaan Creative’s online store currently features just two products:
- AvalonMiner 741: $808 USD
- AvalonMiner Controller: $60
The AvalonMiner system uses Airforming Cooling Technology and 88 x A3212 16nm chips to provide a 7.3 Reliable Hashrate Per Second (RTHS).
By connecting the AvalonMiner Controller to a single AUC3 (AvalonMiner USB Convertor 3), you can connect five AvalonMiners together.
You can maximize usage by connecting the AvalonMiner Controller to 4 AUC3 devices, each of which can connect to 5 AvalonMiners. Ultimately, this gives you 20 AvalonMiner 741 units with a capability of reaching 146 TH/s (RTHS).
If you manage a large installation of AvalonMiners, then Canaan Creative can help you deploy the best system for your unique needs.
Your AvalonMiner comes with a 90 day warranty. The company promises to replace any defective or faulty parts with new parts, although you will not be compensated for mining earnings.
Buyers will also need to pay inbound shipping, although Canaan Creative will pay for return shipping.
In addition to selling blockchain hardware and mining tools, Canaan Creative also operates and develops datacenters for customers. Datacenters are located around the world – they just opened a 10 megawatt datacenter in Sweden.
All company datacenters focus on using “green renewable energy and innovative natural technology to provide scalable datacenter solutions”, explains the official website.
To learn more about Canaan Creative and their bitcoin mining operations, visit the company online today.