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Outlook · Oct 3, 2026 · 6 min read

Canaan’s Avalon A16XP uses 23% less power per terahash than the A15 Pro it follows

Canaan’s air-cooled A16XP is rated at 300 TH/s from 3,850 W. On those numbers it carries through the April 2028 halving on 6¢ power, which the A15 Pro it follows would not. The record and the price are what it has still to prove.

Firsthand card: Canaan Avalon A16XP beside its 12.8 J/TH efficiency, air-cooled, 300 TH/s

Canaan Avalon A16XP (300 TH/s)

Canaan’s air-cooled answer: 300 TH/s from 3,850 W

Canaan announced the Avalon A16 series on 28 October 2025 at the Blockchain Life summit in Dubai. The air-cooled A16XP delivers 300 TH/s at 12.8 J/TH, and pre-orders opened at the announcement, shipping from Canaan’s production centres in North America, East Asia and Southeast Asia.

Our store record gives the rest of the spec: 3,850 W, 14.9 kg, 75 dB, 220–277 V, an Ethernet interface and an operating range of −5 to 35 °C. It is a rack-room machine built the way the A15 Pro before it was, and air-cooled machines start at our Argentina site.

Canaan’s chairman and chief executive, Nangeng Zhang, called it “a leap forward for the Company in both energy efficiency and computing power”. Our store lists it as launched in May 2026 and sold out today, so what follows is what the specification implies, not an offer.

Pre-orders opened the day it was announced. The record is the part still to be built.

Almost a quarter less energy than the A15 Pro it follows

Canaan’s Avalon line has taken three steps in two years. The A15 Pro is 16.6 J/TH. The A15 Pro+, which reached our store in August, is 15.5. The A16XP is 12.8. The last step is the big one: 23% less energy for every terahash than the A15 Pro, and 17% less than the A15 Pro+. The step before it was 7%.

Canaan’s announcement headline puts the gain down to a new ASIC chip, which is why it reads as a generation and not a tuning change. The same power bill buys about 29% more bitcoin than it does on an A15 Pro.

At Argentina’s 6¢ the A16XP makes a bitcoin for about $40,600 of electricity, against about $49,100 for the A15 Pro+ and $52,600 for the A15 Pro, with the market at $84,643. At Nigeria’s 3.9¢ the A16XP’s figure falls to about $26,400.

Chart: One bought at the reference price and racked in Argentina: year one at today’s difficulty, and what it returns by the April 2028 halving with bitcoin back at its previous high.

The price is the half to hold loosely

The reference price we hold for the A16XP is $16.80 a terahash, $5,040 a unit, dated 20 June. The A15 Pro+ is $9.98 a terahash and the A15 Pro $7.14. The S21 XP, the air-cooled Antminer most buyers compare against, is $11.55 at 13.5 J/TH.

That price is why its first-year return is the lowest of the four at today’s figures: about 30% in Argentina, against 35% for the A15 Pro+, 40% for the A15 Pro and 38% for the S21 XP. The coin is cheaper to make. The box costs more for each terahash.

A reference price on a sold-out machine is not an offer, and a new generation’s price moves as stock arrives. The efficiency is the part that stays. Whether the price is there on the day you buy is the part to check.

What ranks around it today on cost per coin and first-year return, in stock.

At 6¢ it carries through the halving, by about a tenth

A machine’s line is the hashprice at which it stops covering its own power. At 12.8 J/TH a petahash uses 308 kWh a day: $18.48 at 6¢ and $12.01 at 3.9¢.

Network hashprice was about $40.50 per petahash per day on 2 October on our hashprice chart. The April 2028 halving would cut that to near $20.25 at an unchanged price and difficulty. That is above the A16XP’s line at both of our rates: by about a tenth at 6¢ and by about two-thirds at 3.9¢. The A15 Pro’s line at 16.6 J/TH is $23.90 at 6¢ and the A15 Pro+’s is $22.32, both above the halved figure.

This is today’s conditions held flat, not a forecast. A tenth is not a wide margin, which is why the rating is the thing to hold Canaan to: if the efficiency slips, the margin goes first. The long version is in the guide to efficiency and halvings.

The A15 Pro needed Nigeria to survive the halving. The A16XP is the first step in Canaan’s air-cooled line that makes it a margin question at 6¢.

Chart: Network hashprice since January, in dollars per petahash per day. The line to read it against is the A16XP’s, near $18.48 at 6¢. Open the chart

Where it would live, and what a fault would cost

Air-cooled machines start in Argentina, at 6¢, where repairs are done on site and billed at the cost of the parts. The A16XP is a Canaan machine, so a fault follows Canaan’s route rather than Bitmain’s. It is a line item, not a catastrophe, but one we cannot yet put a number on for this model.

It is a 75 dB machine rated for operation up to 35 °C, built for a rack room, like the A15 Pro. After one crossing, to Nigeria’s 3.9¢, when the trailing year says cheap power pays better, it is the same machine on a third less power.

What would have to go wrong

The record. The A16XP has no field record we can stand behind. We looked for operator reports of its boards and found none, so none are quoted here, and we score reliability as unknown, not as good. The lineage helps only so far: the A15 Pro’s own record is short, and a new chip is a new chip.

The series is still being tuned. In its second-quarter results on 8 September, Canaan said that on the product side it “kept optimizing the A16 series, focusing on cost-effective air-cooled models and high-temperature water-cooled models”. That is ordinary for a young series, and it is the reason the first batches are the ones to watch.

The rating. The margin at 6¢ is about a tenth. A machine that came in a tenth worse than its nameplate, at about 14.1 J/TH, would have a line level with the halved hashprice. At Nigeria’s rate it would still clear it comfortably. None of this changes who the machine is for. They are the questions a first batch answers.

What it means for a miner

If the rating holds, the A16XP is an air-cooled Avalon that turns the same electricity into about 29% more bitcoin than the A15 Pro, starts in Argentina and reaches the April 2028 halving still covering its power at 6¢, with Nigeria’s 3.9¢ in reserve for the one crossing every machine makes.

Output is never guaranteed: the rating is Canaan’s, and the figures here are today’s conditions held flat. If you are buying for the first twelve months, the cheaper boxes above return more today. If you are buying to keep coins through the halving, efficiency is the claim to hold Canaan to. Check the price on the day, and put it beside the A15 Pro+ and the S21 XP on the machine page.

What people are saying online

This new product reflects a leap forward for the Company in both energy efficiency and computing power.

The maker’s claim, on the day of the launch: more efficiency, and more hashrate, than the generation before.

Sources and further reading

Which machines this covers

Disclosure

Firsthand Bitcoin sells and hosts mining hardware, including this machine. No manufacturer, distributor or affiliate programme paid for or reviewed this page and we take no commission on the links above. Historical figures are computed from daily bitcoin price and network hashprice, each day valued at its own prices. Nothing here is investment advice.