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SINGAPORE, March 27, 2025 /PRNewswire/ -- Canaan Inc. introduces Avalon Q, a professional-grade Bitcoin mining machine specifically designed for home users. This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts. The Avalon Q offers up to 90 TH/s hash power with adjustable consumption (800W-1600W), making it adaptable to standard home electrical systems. This flexibility allows home miners to optimize their operation based on electricity costs and mining profitability. The Avalon Q is also the first professional-grade Bitcoin miner to support 110V home power worldwide. "With Avalon Q, we're democratizing Bitcoin mining by bringing professional capabilities into people's homes," said Mr NG Zhang, Founder and CEO at Canaan. "Cryptocurrency enthusiasts no longer need to choose between powerful mining capabilities and residential compatibility." Avalon Q Professional Mining Performance in a Home-Friendly Package Unlike industrial mining rigs, the Avalon Q operates at just 45dB—similar to a quiet library—making home mining practical. This revolutionary sound engineering makes it possible to run a Bitcoin mining operation from a home office, garage, or basement without disruptive noise. The Avalon Q's key features include: Professional-Grade Hashing Power: Maximum 90 TH/s computing capacity rivals institutional mining equipment Home Power Compatibility: AC input range of 110V-240V covers the world's major voltage standards and works with standard household electrical systems Ultra-Quiet Operation: Industry-leading 45dB minimum noise level enables unobtrusive home placement User-Friendly Operation: Avalon Family APP enables simple plug-and-mine functionality for beginners and experienced miners alike Exceptional Durability: Built with Avalon's proven reliability engineering for continuous operation Comprehensive Warranty: 360-day guarantee provides peace of mind for home miners Rising Residential Mining Trend The launch comes amid growing interest in home-based Bitcoin mining as enthusiasts seek greater control over their cryptocurrency operations. With Bitcoin's rise as a mainstream asset, home mining offers both an investment opportunity and a way to contribute to network security. "We're seeing significant demand from individuals who want to be more than just Bitcoin investors – they want to be active participants in the network," added Mr. NG Zhang. "The Avalon Q gives them that opportunity without requiring a dedicated mining facility." Availability The Avalon Q is available for preorder at https://canaan.io/avalonhome and select cryptocurrency mining equipment retailers worldwide. During the preorder period till the end of April, the price for Avalon Q is USD1599, while supplies last. Category Specification Details Product Identification Product Name Avalon Q Performance Hash Rate 90T±5% Noise Range 45-65 dB Power Efficiency 18.6 J/TH Power Supply AC Voltage Input Range 1674 W, 110V-240 V, AC 50/60 Hz Environmental Requirement Working Temperature -5-35 Celsius degree Size Device Dimensions (L*W*H),mm 455*130.5*440 Packaging Specifications |(L*W*H),mm 575*265*580 Weight Net Weight 10.5 kg (prototype) Gross Weight 12 kg Notes: Specifications are based on prototype measurements and may be subject to slight variations in final production. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in Bitcoin's history under the brand name Avalon. With years of experience in the Bitcoin mining ecosystem, Canaan continues to drive innovation in making Bitcoin mining more accessible, efficient, and sustainable. For more information, visit our website at canaan.io.Media Contact: pr@canaan-creative.com Follow us on social media and stay tuned for more updates on Canaan. Telegram Group Official: https://t.me/Canaanio X.com: https://x.com/canaanioYouTube: https://www.youtube.com/@canaan6966LinkedIn: https://www.linkedin.com/company/canaaninc/
HONG KONG, March 11, 2025 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) (the "Company" or "Metalpha"), a global leader in digital asset wealth management, is pleased to announce the appointment of Mr. Liu Yi, a highly regarded expert in the BTC mining industry, as the Senior Advisor of the Company's crypto mining partnerships. Mr. Liu brings over 15 years of leadership experience in the crypto mining and technology sectors while serving as the CEO of Baohui Innovation Technology Limited, the largest crypto mining company in Africa. His extensive expertise will provide invaluable insights as Metalpha continues to strengthen its presence in the crypto mining ecosystem. In conjunction with this appointment, Metalpha is excited to introduce its Crypto Mining Sustainable Partnership Program. This initiative is designed to build strategic alliances with mining partners worldwide, offering advisory services and financial solutions to support their sustainable growth and success. Metalpha is committed to creating an interconnected ecosystem that empowers crypto miners through capital access, risk management solutions, and long-term strategic collaboration. In 2024, as part of its continued efforts to support the crypto mining industry, Metalpha has developed a Bitcoin Miner Index and related stock fund, partnered with Antalpha and FTSE Russell. The index, tracking a portfolio of listed Bitcoin mining companies, provides institutional investors a better way in BTC mining exposure. In 2023, Metalpha officially partnered with Litecoin Foundation to develop hedging solutions and sustainable mining for LTC ecosystem. In 2022, through Hong Kong Sustaintech Foundation, the company donated to the Hong Kong Polytechnic University focusing on research topic around BTC mining and carbon neutrality. As BTC mining continues to evolve, Metalpha remains dedicated to fostering an innovative, transparent, and sustainable mining ecosystem. Through strategic partnerships, financial expertise, and industry-driven solutions, the company is bridging capital, technology, and expertise to drive the next phase of growth in the global mining industry and cutting-edge wealth management services. About Metalpha Metalpha, through its subsidiaries, provides virtual asset-linked wealth management products and services on a global basis. The company hires top talent from Wall Street banks and provides crypto derivative products to institutions, including exchanges, crypto mining companies, investment funds, and family offices. Backed by both Metalpha Technology Holding Limited (NASDAQ: MATH) and Antalpha Technologies Limited, the company is one of the largest derivatives traders in Asia. Forward-Looking Statements This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause Metalpha's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
BARCELONA, Spain, March 3, 2025 /PRNewswire/ -- Huawei Cloud Commercial Vehicle Autonomous Driving Cloud Service (CVADCS) is thrilled to announce its debut at the Mobile World Congress (MWC) 2025, showcasing pioneering advancements in smart driving tailored for the mining industry. This marks the first international launch of CVADCS, underscoring our commitment to technological innovation and market expansion beyond China. At MWC 2025, Huawei Cloud CVADCS will demonstrate how it is transforming open-pit mining operations through intelligent vehicle-cloud synergy. With a remarkable increase in operational efficiency of up to 135%, our solution facilitates safe and efficient smart driving. The Yulong Mine in Tibet, operating at an altitude of 5,000 meters, serves as a testament to our technological capabilities, featuring regular smart driving in extreme conditions. Huawei Cloud CVADCS aims to set a new benchmark for intelligent upgrades in the mining sector globally. Our CVADCS incorporates advanced sensor technologies and data analytics to ensure that operations continue seamlessly, even in adverse weather conditions such as strong winds and dust storms with visibility dropping to 40 meters. This robust solution guarantees precise positioning and performance, enabling real-time adaptability to complex road environments and obstacles. Key Features of CVADCS: Vehicle Capabilities: Unified management and flexible scheduling of multiple vehicles and groups to enhance operational efficiency. Real-time monitoring of vehicle status, with dynamic maps updated in minutes to ensure automatic generation and precise positioning of collection, loading, and dump sites. Cloud Capabilities: Converged sensing capabilities allow for uninterrupted operations in adverse weather conditions with poor visibility of 40 meters, ensuring reliability and safety. Converged positioning technology delivers precision and robustness, maintaining real-time performance even under various interferences. Precise control systems provide tracking and operational oversight of smart mining vehicles, optimizing performance and safety. In addition to fleet scheduling management and real-time monitoring, CVADCS employs a sophisticated supervision platform that continuously assesses the health of both software and hardware components. This includes health self-checks, alarm reporting, and fault analysis for proactive maintenance and recovery. By analyzing production data, our system can predict trends and adjust operational policies, while the service map is dynamically updated, allowing for accurate positioning of operational areas without manual intervention. By enhancing the synergy between vehicle and cloud systems, Huawei Cloud CVADCS significantly boosts the efficiency of smart driving, surpassing traditional manual methods. As we expand our footprint globally, Huawei Cloud CVADCS is dedicated to introducing intelligent and efficient operational models to a variety of sectors, including mines, ports, and campuses. Through ongoing technological innovation and optimization, we are committed to promoting sustainable development within the global mining industry and beyond. Join us at MWC 2025 to witness the future of mining technology and discover how Huawei Cloud CVADCS is driving intelligent transformation in the industry. About Huawei Cloud CVADCS Huawei Cloud CVADCS is an intelligent vehicle-cloud synergy platform developed by Huawei Cloud, designed to empower the mining industry with smart driving with advanced connectivity, data analytics, and AI-driven solutions. CVADCS integrates cutting-edge technologies such as 5G, IoT, big data, and artificial intelligence to enable smarter, safer, and more efficient vehicle management and operations. It serves as a bridge between vehicles and the cloud, facilitating seamless communication, real-time data processing, and intelligent decision-making.
Datamine and Mine Vision Systems (MVS) have announced a strategic partnership to integrate Datamine's mapping and sampling software with MVS' real-time mapping and perception systems to revolutionize underground data collection and analysis. The partnership enables Datamine to market the combined solution and deliver a complete solution to its customer base. PITTSBURGH, Feb. 27, 2025 /PRNewswire/ -- Datamine, a global leader in mining software solutions, and Mine Vision Systems (MVS), a pioneer in advanced underground mining digitalization, are introducing a streamlined analysis solution to deliver the precise, actionable insights required to optimize production operations in underground mining. The partnership will provide mining professionals with unparalleled capabilities in data collection, analysis, and visualization. "The partnership between Datamine's Studio Mapper and MVS's FaceCapture sets a new industry standard for geological data capture. By combining two cutting-edge technologies, we deliver an innovative, best-in-class solution that exceeds the sum of its parts." said John Bailey, CEO at Datamine. "This collaboration reinforces our commitment to equipping geologists with the most advanced solutions available—there's nothing like it on the market today." The integration of leading solutions from Datamine and MVS will enable mining professionals to capture, process, and analyze underground data with unprecedented speed and accuracy. This comprehensive solution will significantly improve geological modeling, mine planning, and operational efficiency, helping companies achieve greater sustainability and cost-effectiveness in their underground mining operations. "We believe the most successful transformational technology companies strive to deliver solutions with minimal disruption to essential workflows", said Mike Smocer, CEO of Mine Vision Systems. "Our partnership with Datamine furthers our mission to deliver precise insights to essential decision makers at the moment of greatest impact and in a manner that fits seamlessly into existing workflows." PDAC attendees will have the opportunity to see firsthand how this collaboration enhances mapping, modeling, and analysis precision in underground mining operations. Live demonstrations will occur at Datamine's booth number 240. ABOUT MINE VISION SYSTEMS Founded in 2015, MVS focuses on bringing vision-related technology and software algorithms to the resources mining industry. As pioneers in the underground 3D mapping space, we work worldwide to improve efficiency, safety, production, and automation in mining through unmatched data collection, insights and workflow. ABOUT DATAMINE Datamine is a leading provider of mining software solutions and consulting services, dedicated to facilitating efficient and sustainable mining operations through advanced technology. Established over 40 years ago, Datamine has grown to serve over 2,000 mining sites worldwide, become the only software vendor offering comprehensive solutions that span the entire mining value chain. Contact:Josh Greenjosh.green@minevisionsystems.com
5.5 MW of the Next-Generation Antminer S21 Hydro Machines Already Energized for Institutional Client WILMINGTON, Del., Feb. 26, 2025 /PRNewswire/ -- Compass Mining ("Compass" or the "Company"), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, is pleased to announce the launch of a new 20-megawatt (MW) Bitcoin mining facility in North Dakota. The facility is equipped with the water-cooled Antminer S21 Hydro machines, with 5.5 MW of capacity already energized by Compass. The remaining machines will be phased in over the coming months to meet growing demand from Compass's clients. This expansion allows Compass to immediately provide hosting services to both institutional investors and individual miners. Effective immediately, customers purchasing machines through Compass's platform—starting with a minimum order quantity (MOQ) as low as one unit—will have the option to deploy them at the "North Dakota 2" site. "Our continued expansion of both self-owned and partner-operated facilities reflects our commitment to offering flexible and efficient Bitcoin mining solutions," said Shanon Squires, Chief Mining Officer at Compass Mining. "The introduction of hydro-cooling technology provides our clients with a more powerful and energy-efficient mining option while ensuring long-term machine durability." The newly energized 5.5 MW of power capacity consists of 1,000 units of the Antminer S21 Hydro, the newest generation of bitcoin mining machines. These machines use advanced water blocks to dramatically improve cooling efficiency compared to traditional air-cooled systems. This results in increased processing power, reduced energy consumption, and a more stable operating environment, minimizing downtime and maximizing long-term performance. Compass Mining's strategic approach combines self-owned facilities, such as its recent Iowa 4 site, with high-uptime third-party partnerships to maximize operational reliability. In 2024, Compass energized approximately 50 MW of mining capacity across sites in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, reinforcing its position as the leading provider of hosting and operational solutions for bitcoin mining. About Compass Mining Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
佛羅里達州勞德代爾堡2025年2月19日 /美通社/ -- 2025 年 3 月 25 日至 27 日 ，全球最大型的比特幣挖礦 (Bitcoin Mining) 會議載譽歸來，而且規模比以往更盛大！Mining Disrupt 2025 將在 Broward Convention Center 舉行為期兩天的活動，提供令人難忘的體驗，著眼於創新、人際關係網和產業塑造討論。 第 7 屆 Mining Disrupt 將會是迄今為止最令人振奮的一次，來自全球各地的礦工、創新者、投資者和區塊鏈愛好者將齊聚一堂，共同塑造比特幣挖礦的未來。 Mining Disrupt 2025 會有什麼發生？ 世界級演講者 — 由業界領導者和顛覆者分享對比特幣挖礦，區塊鏈和金融的見解。 專家小組和討論 — 主要議題包括： 最新的採礦硬件和軟件進步 能源辯論：解決採礦業的可持續發展問題 比特幣挖礦在全球經濟中的角色 大型博覽館 — 200 多間參展商展示 ASIC、冷卻系統、可再生能源解決方案和軟件工具。 比特幣採礦博物館 — 透過稀有的鑽井、標誌性文物和里程碑，探索採礦歷史。 交流機會 — 在休息室和休閒聚會，與業界領導者、贊助商和其他礦工聯繫。 好玩派對和附加活動 — 從 3 月 25 日在 Seminole Hard Rock Casino 舉行的獨家 Pre-Party 開始，再加上兩場附加活動，讓現場氣氛持續高漲。 誰在參加？Mining Disrupt 2025 將邀請頂尖公司和品牌，包括 Bitmain、Canaan、Genesis Mining、Foundry 等，所有公司和品牌都將展示最新進展，並建立新的合作關係。 門票及貴賓禮遇： 通用通行證 — 可全程參與主題演講、專題討論、博覽會和聯誼活動。 VIP 通行證 — 包括通用通行證中的所有內容，以及 VIP 貴賓休息室使用，並提供免費食物和飲品。 鯨魚通行證 — 貴賓及業界領袖可享有優質網路、後台通道及私人貴賓室。 立即購買門票！ — 接受比特幣和加密貨幣付款！ Mining Disrupt 簡介自 2018 年以來，Mining Disrupt 一直是排名第一的比特幣挖礦會議，吸引來自 50 多個國家的與會者。無論您是經驗豐富的礦工、投資者，或是對 Bitcoin 感興趣的人士，這裡都是您的好去處。 有問題嗎？想贊助嗎？請透過 miningdisrupt.com/contact 與我們聯絡。 在勞德代爾堡 (Fort Lauderdale) 見！
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