Canaan, the first mining machine stock, will follow TSMC's 5nm process in the first quarter of 2020

Wu Blockchain exclusively learned that when Bitmain's 5nm test chip is successfully returned, Canaan will also follow TSMC's 5nm process and may become the world's second mining machine manufacturer to enter the 5nm process in the first quarter of 2020.

According to relevant sources, Canaan will gain more trust from the supply chain after its successful listing. Canaan will become the only mainstream mining machine manufacturer supported by both TSMC and Samsung wafer foundries.

Kong Jianping, co-chairman of Canaan Inc., once told the media that after going public, the company will have greater control over the supply chain and greater capital investment. Our goal is to become the industry leader in market share by 2020.

However, due to the sluggish price of Bitcoin, Canaan Inc.'s stock price has performed poorly and has fallen by nearly 50% since its listing one month ago.

Previously, Wu Blockchain learned from people close to TSMC that Bitmain's 5nm mining chip is the world's first packaged 5nm test-level chip.

The average yield rate of TSMC's 5nm test chips has reached 80%, and it will be put into large-scale mass production in the first half of 2020. The performance improvement compared to 7nm is between 7% and 15%.

Previously, Canaan had won the first place in the world's 7nm test-level chip, but the shipment volume was not large. The design and packaging of mining machine chips are relatively simple, so it is easy to become the "first", but in terms of production capacity, TSMC will still give priority to major customers such as Apple, HiSilicon, and Qualcomm. In terms of production capacity, both Bitmain and Canaan have suffered losses from TSMC. It can be judged that 5nm has more symbolic significance than practical significance for both Bitmain and Canaan.

On the other hand, the halving in 2020 will be a life-and-death battle for mining machine manufacturers. Bitmain's s19 and Shenma m30s have reached the level of 30-40 watts per ton.

Currently, industry insiders are generally not optimistic about the mining machine market in 2020. Shanghai Waiyi CEO Li Peicai said that the halving of digital assets next year will be a substantial positive for digital asset prices, but for mining, the halving next year is a solid negative. Bitmain CEO Wu Jihan also believes that BTC 's bear and bull markets are prolonging each time, and it is possible that the bull market will not come when the halving occurs this time .

Under the competition for existing resources and zero-sum game, the competition among the four major Chinese mining machine manufacturers will become more intense in 2020.