Canaan will release next generation ASIC based on 5nm chips

This Is the End of the Silicon Chip, Here’s What’s Next

Canaan will release next generation ASIC based on 5nm chips

Canaan, a maker of specialized integrated circuits (ASICs) for mining cryptocurrencies, plans to release more advanced equipment based on 5nm chips in the first quarter of 2020.

Technically, the new miners should significantly outperform the models on the market. Next-generation ASICs will have higher performance and power ratings.

As the size of the transistors and the distance between them on the silicon matrix decrease, the device will work more efficiently and generate less heat..

Canaan will release next generation ASIC based on 5nm chips

The launch of a new line of ASICs will give Canaan a competitive edge over other market players such as Bitmain, which is currently going through hard times. The company’s confidence is further bolstered by its recent IPO, which raised $ 90 million in investments..

text: Ivan Malichenko, photo: privatefinance