Canaan is a Chinese company that designs and produces Bitcoin mining hardware under the Avalon brand. It is a publicly listed manufacturer of ASIC machines.
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- Canaan develops ASIC chips and assembles them into Avalon mining machines used for SHA-256 proof of work. The company was an early producer of commercial ASIC miners.
- Canaan is one of several manufacturers supplying the mining industry and reports its production and sales as a public company. Its products compete on efficiency and price within the mining hardware market.