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Canaan Creative

Canaan Creative

Canaan Creative is a China-based computer hardware manufacturer specializing in blockchain servers and ASIC microprocessor solutions.

Founded in 2013, Canaan Creative is a company producing blockchain servers and solutions for repetition ASIC chips. The Chinese bitcoin mining hardware manufacturing company was founded by Nangeng Zhang who invented and delivered a cryptocurrency mining machine incorporating application-specific integrated circuit (ASIC) technology. The company previously dedicated its research and development efforts to ASIC applications for Bitcoin mining.

Apart from manufacturing cryptocurrency mining equipment, Canaan Creative also dedicates resources for the research and development of artificial intelligence (AI) chips. In September 2018, Canaan Creative delivered computing AI chips based on Risc-V architecture, which is a set of instructions that describes the way in which software connects with an underlying processor, and self-developed neural-network accelerator. The ICs that the company designs are manufactured, packaged, and tested by suppliers like TSMC, Samsung, STATS ChipPac, ASE and SPIL.

Products

The following are some of the company's products:

Kendryte AI K210

An edge computing chip, designed for both visual and semantic recognition, and used in various scenarios like face detection and face recognition, image recognition and image classification, and anti-spoof.

Kendryte K510

A mid-to-high-end edge inference chip equipped with an upgraded version of the IP core KPU2.0. It integrates an image processor supporting 2D/3D noise reduction, WDR wide dynamic, fisheye correction and hardware 3A functions. The K510 supports a different applications like high-definition video conferencing, high-definition aerial photography, and robotics.

XGO mini

XGO robot dog possesses Canaan’s K210 64-bit dual-core chip, providing omni-directional movement, six-dimensional navigation control and stabilization support, plus multiple movement modes. It possesses 9-axis IMU and joint positioning sensors, providing behavioral and joint feedback. The rotation angle and torque are utilized for internal algorithm and secondary development. It supports cross-platform graphics and Python programming.

Timeline

May 8, 2017
Canaan Creative raises a $144,737 series A round.
January 1, 2013
Canaan Creative is established

Funding Rounds

Patents

Further Resources

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News

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Date
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Wolfie Zhao
June 1, 2021
The Block
This appears to be the first time that Canaan has reported stronger overseas sales compared to its domestic operations.
Eliza Gkritsi
April 13, 2021
TechNode
Crypto mining rig maker Canaan says it has signed contracts worth $174 million to deliver its products. It again reported narrowed losses for Q4 2020.
Will Daniel
February 16, 2021
Business Insider
Chinese bitcoin mining machine maker Canaan Creative skyrocketed Tuesday amid the token's surge past $50,000 and a shortage of mining equipment.
Eliza Gkritsi
December 1, 2020
TechNode
Despite bullish crypto markets, rig maker Canaan saw a four-fold sequential increase in losses in Q3 and has cut equipment prices by 69%.
Reuters Editorial
October 29, 2019
U.S.
Canaan Creative, one of China's biggest bitcoin mining hardware makers, filed to publicly list on the Nasdaq on Monday to raise $400 million, marking at least its third attempt to do so after previous failed tries in mainland China and Hong Kong.

References

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