{"id":245096,"date":"2019-12-27T13:56:13","date_gmt":"2019-12-27T18:56:13","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=245096"},"modified":"2019-12-27T13:56:13","modified_gmt":"2019-12-27T18:56:13","slug":"bitmain-and-canaan-creative-set-to-launch-5nm-chips-in-q1-2020","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitmain-and-canaan-creative-set-to-launch-5nm-chips-in-q1-2020","title":{"rendered":"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Bitmain and Canaan Creative are perhaps the two largest mining manufacturers in the world. As both companies continue to battle several internal and market struggles, they\u2019ve also been locked in a deadly race for sales. The stage is now set for their rivalry to spill into the new year.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On December 24, Chinese news source 8BTC\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/news.8btc.com\/canaan-to-be-equipped-with-tsmc-5nm-mining-chip-in-q1-2020\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that Canaan would be launching new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020. Per the report, the chips will have several advantages over the previous generation of miners, including more area scaling features, as well as improved power and performance.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Canaan is hoping that it will be able to scale the production of this new set of chips much better than it was able to do with the 7nm variants. Besides C<\/span><span data-preserver-spaces=\"true\">anaan, Bitmain has also been making some significant headway in its mission to keep pace with its top competitor. As 8BTC also noted, Bitmain has already completed the production of the first test-grade 5nm mining chips.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The chips were first introduced by Bitmain chief executive Jihan Wu back in October at the World Digital Mining Summit in Frankfurt. Several sources have now revealed that the company is moving along speedily with the production of the chips, and is expected to roll them out in early 2020 as well.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Pushing Each Other and the Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The rivalry between Bitmain and Canaan is beginning to heat up even more, and given the similarities between them, it\u2019s interesting to see how they\u2019ve been able to shape the mining sub-industry. The 7nm chips were only introduced earlier this year, but heating competition has caused both companies to look for even more effective mining chips in a bid to one-up one another in sales.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The companies are also putting themselves in a unique position to reap from the anticipated uptick in cryptocurrency prices in 2020. The Bitcoin halving is expected in May, and there\u2019s a lot of anticipation about its ability to propel the top cryptocurrency to greater heights. Miners know this as well, and they\u2019ll be looking to mine as much as they can- a process that will need them to get effective mining rigs.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It\u2019s an expected gold rush, and both Canaan and Bitmain will be gearing up to corner an important market and boost sales. It\u2019s expected that other mining companies will follow in their footsteps soon enough, but these two behemoths will have sold their fill by then.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Clean Slate for Both Firms<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The news could not come at a better time for both firms. Bitmain has been able to ride on the resurgence of the crypto market, but internal turmoil has put its health and viability as a company in doubt. Industry sentiment is also not too good, and its prospects of launching an Initial Public Offering (IPO) look bleak once more.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As for Canaan, the company did\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-21\/bitcoin-mining-company-canaan-raises-90-million-in-u-s-ipo\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">conduct<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0an IPO, but it was ultimately unsuccessful. Despite revising its expected capital haul, the mining company still fell well short of its projected number. The firm\u2019s shares have also\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.nasdaq.com\/market-activity\/stocks\/can\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">fallen<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0considerably since the IPO, marking more financial challenges.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If they can make great sales in 2020, then they could put the shadow of these mishaps behind them.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Bitmain and Canaan Creative are perhaps the two largest mining manufacturers in the world. As both companies continue to battle several internal and market struggles, <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitmain-and-canaan-creative-set-to-launch-5nm-chips-in-q1-2020\" title=\"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020\">[&#8230;]<\/a><\/div>","protected":false},"author":1770,"featured_media":245097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[10101,9008,7839,9837],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Bitmain and Canaan Creative Set to Launch new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020\" \/>\n<meta property=\"og:description\" content=\"Bitmain and Canaan Creative Set to Launch new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-27T18:56:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/bitmain-and-canaan-set-to-launch-5nm-chips.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"701\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jimmy Aki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jimmy Aki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\"},\"author\":{\"name\":\"Jimmy Aki\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\"},\"headline\":\"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020\",\"datePublished\":\"2019-12-27T18:56:13+00:00\",\"dateModified\":\"2019-12-27T18:56:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\"},\"wordCount\":557,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"5nm\",\"ASIC\",\"Bitmain\",\"Canaan\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\",\"name\":\"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020 - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2019-12-27T18:56:13+00:00\",\"dateModified\":\"2019-12-27T18:56:13+00:00\",\"description\":\"Bitmain and Canaan Creative Set to Launch new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\",\"name\":\"Jimmy Aki\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"caption\":\"Jimmy Aki\"},\"description\":\"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jimiakinleye\/\"],\"url\":\"https:\/\/insidebitcoins.com\/news\/author\/jimmyaki\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020 - InsideBitcoins.com","description":"Bitmain and Canaan Creative Set to Launch new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020.","robots":{"max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096","og_locale":"en_US","og_type":"article","og_title":"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020","og_description":"Bitmain and Canaan Creative Set to Launch new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020.","og_site_name":"InsideBitcoins.com","article_published_time":"2019-12-27T18:56:13+00:00","og_image":[{"width":701,"height":438,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/bitmain-and-canaan-set-to-launch-5nm-chips.jpg","type":"image\/jpeg"}],"author":"Jimmy Aki","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jimmy Aki","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096"},"author":{"name":"Jimmy Aki","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad"},"headline":"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020","datePublished":"2019-12-27T18:56:13+00:00","dateModified":"2019-12-27T18:56:13+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096"},"wordCount":557,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["5nm","ASIC","Bitmain","Canaan"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096","name":"Bitmain and Canaan Creative Set to Launch 5nm Chips in Q1 2020 - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2019-12-27T18:56:13+00:00","dateModified":"2019-12-27T18:56:13+00:00","description":"Bitmain and Canaan Creative Set to Launch new and improved 5-nanometer application-specific integrated circuit (ASIC) chips in the first quarter of 2020.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad","name":"Jimmy Aki","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","caption":"Jimmy Aki"},"description":"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.","sameAs":["https:\/\/www.linkedin.com\/in\/jimiakinleye\/"],"url":"https:\/\/insidebitcoins.com\/news\/author\/jimmyaki"}]}},"modified_by":"Jimmy Aki","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1770"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=245096"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/245096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/245097"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=245096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=245096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=245096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}