Canaan
Canaan is an early-stage venture capital firm that invests in visionaries with innovative ideas.
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Tether Develops New Bitcoin Mining Infrastructure, Using Modular Computing Systems to Control Costs and Efficiency
: According to official sources, Tether is expanding its custom computing infrastructure through a new type of modular, high-density mining system aimed at improving the efficiency and performance of large-scale operations. In collaboration with Canaan Inc. and ACME Swisstech, Tether is building systems around specific application-specific hashboard modules and integrating them into its self-developed control architecture, thermal management systems, and software stack.This system, by separating computing from power supplies and enclosures, allows individual components to be independently optimized and reduces energy consumption when combined with immersion cooling technology. Tether CEO Paolo Ardoino stated that this move aims to change the status quo of sealed, fixed-form mining equipment by deploying modular computing units that can be independently tuned, upgraded, and cooled, thereby directly controlling the cost and efficiency of large-scale operations. Zhang Nangeng, Chairman and CEO of Canaan Inc., indicated that its Avalon hashboard modules enable more flexible on-demand deployment, particularly enhancing efficiency and reducing operational complexity in immersion cooling systems. This deployment builds upon Tether's previously developed open-source mining operating system (MOS) and mining software development kit (SDK).
Avalon
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Tether
Canaan Discloses 89 BTC Mined in March; Bitcoin Holdings Reach 1,808 BTC
Canaan Inc. released its Bitcoin mining update report as of March 31, disclosing that it mined 89 BTC in March, holding a total of 1,808 BTC. The company also holds 3,952 ETH. In March, its network added over 10 MW of new installed capacity, bringing its global installed capacity to 266.3 MW.
Bitcoin
Ethereum
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