Bitcoin mining hardware maker Canaan has reportedly announced a new machine in the A12 series to expand its mining operations. The Chinese firm’s new Avalon 1266 can reach 100 terahashes per second (TH/s), with an efficiency of 35 joules per terahashe (TH/s), Edward Lu, the company’s senior vice president, said at the Bitcoin 2022 conference in Miami. J/T). The company currently owns mining operations in Kazakhstan and plans to expand its autonomous mining capacity in the United States. After the meeting, Lu said he plans to travel to the U.S. states to look for the best opportunities. MicroBT also announced new mining technology during Bitcoin 2022. Its new Whatsminer M50 series includes the M50S, which can generate up to 126 TH/s.
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