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Canaan

Canaan is the creator of the world's first ASIC Bitcoin Miner, the Avalon Miner. The company specializes in producing and selling a range of Bitcoin mining hardware under the Avalon brand for various scales of operation, from home use to large mining boxes, while also providing support and engaging with the community through events and news updates.
Distributed

Funding Rounds

Funding Round: Strategic
Funding Date: 1 Nov, 2025
Raised Amount: $72M

Funding Round: Unknown
Funding Date: 1 Mar, 2025
Raised Amount: $100M

Funding Round: Unknown
Funding Date: 1 Nov, 2024
Raised Amount: $30M

Funding Round: Series B
Funding Date: 1 Mar, 2019

Funding Round: Series A
Funding Date: 1 May, 2017
Raised Amount: $43M

Investors