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Canaan’s internal letter on the first anniversary of its listing: The company’s value has returned and new chips have been mass-produced

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Zhang Nangeng shared Jianan's growth footprint with five "cores".

Original title: "We are always on the road for the first anniversary of Canaan's listing"

Original source: Canaan Yunzhi

Since this year Since October, Bitcoin has skyrocketed all the way up to $19,500. The rise in currency prices directly leads to a boom in the mining machine market. Mining machine futures under Bitmain, MicroBT and Canaan Zhizhi have all been scheduled until March next year. Recently, Canaan Yunzhi stock The price of CAN once approached $7, rising in 24 hours 17.53%.

November 21 is the first anniversary of Canaan’s listing. Zhang Nangeng, chairman and CEO of Canaan, published an internal letter, the following is the full text:

Dear Canaan students:

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Soon, we have been listed for one year. Entering the long tail of 2020, many people say that this year is finally coming to an end. Yes, while lamenting that the new crown virus does not talk about martial arts and has attacked the world, we have also accidentally become witnesses to history and witnesses. To be honest, 2020 is indeed "difficult to get to Canaan". The almost melted confidence, the self-deprecating self-deprecation of Che Guevara and the beating workers, the introversion and Internet toilet puzzles, the twists and turns on the mobile phone screen and the anxiety that can't hide, all these have become our expectations for this year. deep memory.

Looking back on today after many years, you may think of those moments of confusion and bewilderment. To some extent, we have all been passengers on the Economy Express in the past 30 years. We have seen pigs flying in the wind, tide-riders chasing the waves, and the joy of picking fruits as long as we run hard. Now, we are still running on this train, but as the speed slows down, we can see some problems clearly, and behind these problems, the direction to the next station may be hidden.

The only thing we can be sure of is the death of the sun. Regardless of whether it is dark clouds overwhelming the city or violent wind and rain, as long as it takes root, a green hill will be left, and the future will be brighter to say to the self who was once at the bottom of the valley. Since life doesn't allow you to lie flat, and don't even think about soaring into the sky, let's take small steps to meet the rising sun. Today, I try to use these five "cores" to share with you the footprints of growth. I hope that the future of every Canaan student will be solid and smooth.

Working together

The epidemic at the beginning of the year disrupted all rhythms. "Zootopia" entered the street from the screen, and everyone became an otaku. When many people rearrange the luggage they took out of their suitcases, or when they were stranded and looked at the flight lying together outside the floor-to-ceiling windows, as a member of the industry, we also faced unprecedented challenges.

First is the problem of going to work. During the epidemic, everyone started the "cloud office" mode one after another, and you can't relax when you work from home, because the customer's order is still lying in the mailbox, and the problems in research and development are right in front of you. Secondly, in terms of production, we are facing delays in the supply of raw materials for preparation. In terms of sales, we are facing delays or even interruptions in product logistics. Fortunately, thanks to everyone's efforts, we have completed the mass production and shipment of various chips and mining machines.

We also donated 2 million materials and cash to the society immediately. A piece of thin force expresses respect for the retrograde.

Renew with core

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The epidemic has pressed the accelerator key for people's digital life. With a stroke of 40 trillion yuan, the "new infrastructure" has opened up a new direction for the future. As a member of the chip industry, we see opportunities and understand that it is our duty to be "core people" and "brick movers" to do a good job in digital infrastructure.

This year, we continue to advance towards the two fields of "blockchain + AI". In the field of blockchain, the layout strategy of multi-wafer manufacturers has achieved results. The 8nm chips we cooperated with Samsung and the N+1 chips we cooperated with SMIC have been mass-produced and shipped. Orders for the A1166Pro and A1246 computing power tools have been scheduled until March next year. Among them, the launch of A1246 means that we have the ability to develop machines with an energy efficiency ratio in the range of 30J/T, which can provide customers with better computing power.

We have also cooperated with many leading large modern mines in Kazakhstan, Hundreds of thousands of mining machines were delivered. In North America and other regions, we have close business cooperation with industry leading customers such as Minebest, Bitfury, CoreScientific, etc. In order to improve product quality and achieve faster delivery, we have developed a general-purpose hardware model structure, which shortens the R&D cycle, allows customers to put machines on shelves faster, and facilitates the deployment and operation and maintenance of mines.

In the field of AI, we have accelerated the research and development process of software and hardware integration, and independently developed masks Algorithms such as face recognition model and living body detection model are optimally adapted to chip performance. We are also happy to see the role played by products such as smart meter reading and smart access control during the epidemic. These small changes are pushing digitization and intelligence into more corners of life, not just entertainment on mobile phones.

Digital infrastructure is taking advantage of the wind. In the fields of AI STEAM education and smart cities, we More devices are being awakened, laying a solid foundation for the improvement of people's lifestyles.

Compare the core to the core

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This year, our AI chips have received more recognition from the industry. In particular, the support of the Linux kernel means that we can be compatible with the world's largest embedded operating system, and the playability becomes stronger. In terms of performance, we can also stand shoulder to shoulder with edge computing products of first-line stars such as Nvidia and Raspberry Pi, bringing developers more cost-effective choices.

Thanks to the advantages of Kanzhi K210, we also experienced a prize Get a soft feeling. At the beginning of the year, our intelligent application case was included in IDC's first AI report. In the second quarter, Forrester rated us as a "hardware expert" in the "2020 Q2 China AI Chip Supplier Report". In October, entered the "2020 China Artificial Intelligence Chip Enterprise TOP 50" list. At the High-tech Fair held this month, our AI chip also won the Excellent Product Innovation Award again.

We also boarded the CCTV news broadcast, and the reporter lady experienced the Smart follow-up gimbal. The camera artifact lies in the chip, and we will bring more cost-effective advantages and smoother smart experience to more consumers.

Core fire passed on

From the first few geeks to today's R&D team of hundreds of people, we deeply understand that there is nothing more rewarding for developers than implementing an application by hand. With this in mind, we are accelerating the development of the developer community while realizing the commercialization of AI chips. We have benefited from and grown from open source, and we will also do our due duty for the growth of the open source community.

A series of intelligent hardware products. From interpersonal communication to human-machine communication, we hope that the seeds of technological change will take root and germinate in the increasingly fertile land of makers. We hope to be a bridge connecting the world of bits and the world of atoms.

Core Core Fire

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Today, intelligent transformation is no longer a slogan, and the chip industry is the winner of this transformation. When there is a crack in the impenetrable x86 and ARM ecology, when the turmoil and noise on the other side of the ocean disturb the global industrial chain, the opportunity of our era has just arrived.

We are witnessing this process with more partners. This year, our blockchain chips and mining machines have been launched in Kazakhstan and other emerging areas of computing power. Our AI chip customers are located in 7 countries including the United States, Japan, South Korea, Germany, Israel, France and Vietnam. The application scenarios have also been further extended to more fields such as smart cities, maker education, smart homes, public transport epidemic prevention, and industrial intelligent production.

We will no longer be confined to the unipolar world of computing architecture. Even the frequent mergers and acquisitions of hundreds of billions of dollars cannot stop the rise and growth of a diverse ecosystem.

It’s been a while since we shouted “Yes, We CAN.” at NASDAQ Every other year. In this year, we have witnessed the big history of sudden changes, and also created our own small history. We are no longer spectators and witnesses on both sides of the long river, but we are also fortunate to be witnesses and witnesses of the scene of the years. We strive to find our place amidst the changes.

In a dangerous situation, no matter which direction you go, you are moving forward. Through the barriers of epidemics, the sky where black swans are raging, and the faults in the global industrial chain, these unforgettable experiences have strengthened our expectations for the next ten years.

We are not ignoring difficulties, we just believe in the first snow after the snow, and the rainbow after the rain. A year ago, we said that going public was just the starting point. Today, one year later, we are still on the way.