<p><span style="font-weight: 400;">Bitcoin mining hardware manufacturer Canaan has announced the launch of a new machine in its A12 series, as it gears up to expand self-mining.</span></p> <p><span style="font-weight: 400;">The Chinese-based company’s new Avalon 1266 can reach 100 terahash per second (TH/s) at an efficiency of 35 joules per terahash (J/T), senior vice president Edward Lu said during the Bitcoin 2022 conference in Miami.</span></p> <p><span style="font-weight: 400;">It's unclear when the new miners will start shipping.</span></p> <p><span style="font-weight: 400;">“We will arrange the production and delivery plan of the machine according to the demand orders of the main customers,” Lu told The Block.</span></p> <p><span style="font-weight: 400;">Lu spent most of his 15-minute speech at the conference remarking on the need to improve sustainability by both increasing the efficiency of mining technologies and moving to renewable sources of energy.</span></p> <p><span style="font-weight: 400;">“For the past two years, Avalon has been committed to building a greener bitcoin mining industry, starting with our products,” Lu said.</span></p> <p><span style="font-weight: 400;">The executive also said that Canaan is committed to partnering with miners who are focused on meeting green energy goals.</span></p> <p><span style="font-weight: 400;">The company, which currently maintains mining power in Kazakhstan, is planning to expand its self-mining capacity in the US. Lu said he plans to tour different states in the US in search of optimal opportunities following the conference.</span></p> <p><span style="font-weight: 400;">“I think we need to learn, we need to understand all those markets,” Lu told The Block. "T</span><span style="font-weight: 400;">he US is a very advanced country for using clean energy for mining, so I'd love to join and to learn."</span></p> <p><span style="font-weight: 400;">MicroBT also announced new mining technology during Bitcoin 2022. Its </span><a href="https://www.theblockcrypto.com/linked/140920/microbt-unveils-new-series-of-whatsminer-bitcoin-mining-rigs"><span style="font-weight: 400;">new Whatsminer M50 series</span></a><span style="font-weight: 400;"> includes the M50S, which can produce up to 126 TH/s.</span></p>