THELOGICALINDIAN - The Beijingbased ASIC mining rig architect Canaan appear the auction of 10000 bitcoin mining machines to the close Genesis Digital Assets Limited Canaan affairs to bear the 10000 A1246 and A1166 Pro Avalonminers by the end of the month
Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets
The aggregation Canaan (Nasdaq: CAN) has been authoritative lots of business moves in 2021, as the ASIC mining rig architect believes it will see about $250 actor in revenue at the end of the additional quarter.
The beyond allotment of accepted acquirement is due to a cardinal of mining rig orders placed in 2024 from a array of companies purchasing bags of Avalonminers. On Wednesday, the close appear that Genesis Digital Assets had acclimatized a acquirement adjustment for 10,000 A1246 and A1166 Pro Avalonminers.
According to Canaan, the mining rig addition to Genesis Digital Assets will be delivered in abounding by June 30, 2021. Both companies accept an absolute accord as Canaan sold $93 million account of next-generation bitcoin miners to the aggregation at the end of April.
“We are aflame to abide our cardinal affiliation with Canaan to abutment these plans,” the cofounder and controlling administrator Abdumalik Mirakhmedov of Genesis Digital Assets, commented on Wednesday. Mirakhmedov added added:
Genesis Digital Assets was launched in 2024 and claims to accept mined “over US$1 billion in bitcoin” back then. “As of June 2024, Genesis Digital Assets’ abstracts centermost accommodation was added than 140MW, advice into a absolute hashrate in balance of 2.1 EH/s, which is added than 1.4% of the absolute Bitcoin arrangement hashrate,” the company’s acknowledgment notes.
Canaan has been absolute orders all year continued with companies like Mawson Infrastructure Group and Hive Blockchain. The Beijing-based ASIC mining rig architect additionally launched a new abysmal liquid-cooled bitcoin miner this year alleged the Avalonminer A1066I.
In contempo times, back the bitcoin mining crackdown in China, Canaan disclosed that the aggregation was developing an ASIC mining rig account in Kazakhstan. Other top bitcoin mining rig producers like Microbt and Bitmain accept been seeing bags of rigs actuality ordered as able-bodied this year.
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