DUBAI, UAE — October 29, 2025 — Canaan Inc. (NASDAQ: CAN), the global powerhouse in high-performance Bitcoin mining hardware, successfully debuted its groundbreaking Avalon A16 series (A16XP-300T, 12.8J/TH ±5%; A16-282T, 13.8J/TH ±5%) miner this week at the Blockchain Life 2025 event held in Dubai Festival City. The unveiling confirmed the arrival of Canaan’s most competitive model to date, promising a significant leap in efficiency, stability, and hash rate capability for large-scale mining operations globally.

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