Canaan secures the order over 30,000 Bitcoin Mining Rigs from Genesis Digital Assets-Mining Bitcoin messages
Canaan secures the order over 30,000 Bitcoin Mining Rigs from Genesis Digital Assets-Mining Bitcoin messages
The manufacturer of application-specific integrated circuits (ASIC) for Bitcoin-Mining-Rigs has announced that the company has received a follow-up contract from Genesis Digital Assets over 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis, which gives the mining company the opportunity to buy up to 180,000 ASIC-bitcoin mining rigs.
Canaan secures the follow-up contract for 30,000 Bitcoin miners from Genesis Digital Assets
End of August, Genesis Digital Assets bought 20,000 by kanaan ’s top-aasic-bitcoin mining rigs and explained that it had the option to buy 180,000 more. After the announcement, Genesis 431 million Collected of strategic investors at the end of September, and the following week it was announced that a Data center in Texas. Now Genesis continues his deal with Canaan and has concluded a follow-up contract for 30,000 other ASIC miners with the manufacturer of Mining-Rigs.
Abdumalik Mirakhmedov, co -founder and CEO of Genesis, said that the 30,000 min platforms will strengthen the company's operation. "This recent machine order will support our efforts to quickly scale our business, while we are working on our goal to increase our capacity to 1.9 gigawatts by the end of 2023," said Mirakhmedov.
The option agreement for 180,000 ASIC-MINER is considered one of the "largest deals in the mining industry with mining machines so far". "The option agreement includes three phases in which mining machines of 30,000, 60,000 or 90,000 units are bought. The machines acquired from the first contract phase are expected to be delivered in the first quarter of 2022," said Canaan.
The top device of the mining-rig manufacturer is the Avalonminer 1246, which was launched in January last year. The Avalonminer 1246 model produces around 90 terahashs per second (TH/S) and pulls 3,420 watts out of the wall. CANAANS MACHINE would make a profit of around $ 15 a day with $ 0.12 $ 8 kilowatt hours (kWh) and today's Bitcoin exchange course according to Asicminervalue.com metrics.
The second sales prices for the Avalonminer 1246 are between $ 7,000 and $ 9,000 per device, while the Cananan website does not indicate a price for the device. The shares of Canaan listed on the Nasdaq were traded on December 30, 2020 for $ 5.93, and today the shares are traded for $ 5.42 or 8.6 % lower. On March 11, 2021, the company's share reached a maximum of $ 36.40 and is $ 5.42 by 85.10 % below the course high of 2021.
What do you think that Genesis order 30,000 mining workers in Kanaan and the option to buy more? Let us know your opinion on this topic in the comments below.
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