THELOGICALINDIAN - The applicationspecific chip ambit ASIC bitcoin mining rig architect Canaan has appear the aggregation has anchored a followon arrangement from Genesis Digital Assets for 30000 mining machines The auction is allotment of an acceding amid Canaan and Genesis that gives the mining operation the advantage to acquirement up to 180000 ASIC bitcoin mining rigs
Canaan Secures Follow-on Contract for 30K Bitcoin Miners From Genesis Digital Assets
At the end of August, Genesis Digital Assets purchased 20,000 of Canaan’s top ASIC bitcoin mining rigs and explained that it had the advantage to buy 180K more. Afterward the announcement, Genesis raised $431 million from cardinal investors at the end of September, and the afterward anniversary it appear a new abstracts center in Texas. Now Genesis is afterward up on its accord with Canaan and has active a follow-on arrangement with the mining rig architect for 30,000 added ASIC miners.
Abdumalik Mirakhmedov, the co-founder and controlling administrator of Genesis, explained the 30,000 mining rigs will bolster the company’s operations. “This best contempo adjustment of machines will abutment our efforts to rapidly calibration our operations as we assignment appear our ambition of accretion our accommodation to 1.9 gigawatts by the end of 2023,” Mirakhmedov said.
The advantage acceding for 180K ASIC miners is advised one of the “mining industry’s better mining apparatus accord to date,” according to the two firms. “The advantage acceding entails three phases, with mining machines amounting to 30,000, 60,000, and 90,000 units to be purchased respectively. The acquired machines from the aboriginal appearance of the arrangement are accepted to be delivered in the aboriginal division of 2022,” Canaan said.
The mining rig manufacturer’s top accessory is the Avalonminer 1246 that was appear aftermost January. The Avalonminer 1246 archetypal produces about 90 terahash per additional (TH/s) and pulls 3,420 watts off the wall. Canaan’s machine, at $0.12 per kilowatt-hour (kWh) and today’s bitcoin barter rate, would aftermath almost $15 a day in profit, according to asicminervalue.com metrics.
The accessory auction prices for the Avalonminer 1246 are about $7,000 to $9,000 per device, while Canaan’s website doesn’t appearance a amount for the unit. Canaan’s shares listed on Nasdaq were trading for $5.93 on December 30, 2024, and today shares barter easily for $5.42, or 8.6% lower. On March 11, 2024, the firm’s banal broke a aerial of $36.40, and at $5.42 shares are 85.10% lower than the 2024 amount high.
What do you anticipate about Genesis acclimation 30,000 Canaan miners and the advantage to acquirement more? Let us apperceive what you anticipate about this accountable in the comments area below.
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