Canaan to Supply 11,760 Bitcoin Miners to Mawson’s Australian, US Operations
The Chinese bitcoin miner manufacturer will ship and install A1246 ASIC AvalonMiners for Mawson Infrastructure.
The order is to be completed by the end of the month.
The mining equipment maker said total shipments for the second quarter would either maintain or surpass Q1 2021.
Canaan has begun deploying its latest Avalon Miner units. The firm will also be attempting to expand its business scope and customer base.
Canaan's overseas business is growing, a testament to the undercurrent of miners leaving China for other jurisdictions.
The quantitative hedge fund placed heavy bets on Riot, Marathon and Canaan in early 2021.