Hive Blockchain Buys 6,400 Mining Machines From Canaan to Reach 1,200 PH/s
Delivery of the new machines is set to start in May.
The new venture is expected to increase revenue and "optimize" its product offering structure.
Canaan shares have gained 230% so far in February.
North American presales are up 17% from February, the firm said.
The company's director of finance will serve as acting CFO.
The company says a "majority" of the ASICs are already deployed.