Genesis Digital Assets Buys 20K Bitcoin Mining Machines From Canaan
The company has the option to purchase 180,000 more.
Aug 31, 2021 at 5:39 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WTQ5OCMWNFB3XGHSYMFMRIMJMI.jpg)
James Rubin is CoinDesk's U.S. news editor based on the West Coast.
Genesis Digital Assets has purchased 20,000 bitcoin mining machines from China-based manufacturer Canaan. The price wasn’t disclosed.
- The bitcoin mining company also has the option to buy an additional 180,000 mining machines from Canaan, the companies announced Tuesday.
- Abdumalik Mirakhmedov, co-founder and executive chairman of Genesis Digital Assets, said that the machines from this order were part of “ongoing efforts to rapidly scale bitcoin mining operations in North America and the Nordics,” where the company is focusing on renewable energy sources.
- Mirakhmedov added that the latest purchase would “dramatically increase our capacity as we work towards our goal to increase our capacity to 1.4 gigawatts by the end of 2023.”
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James Rubin is CoinDesk's U.S. news editor based on the West Coast.
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James Rubin is CoinDesk's U.S. news editor based on the West Coast.
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