Genesis Digital Assets Purchases 10000 Bitcoin Miners from Canaan – Mining Bitcoin News – Bitcoin News

Genesis Digital Assets Purchases 10000 Bitcoin Miners from Canaan – Mining Bitcoin News – Bitcoin News


The Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month.

Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets

The company Canaan (Nasdaq: CAN) has been making lots of business moves in 2021, as the ASIC mining rig manufacturer believes it will see around $250 million in revenue at the end of the second quarter.

The larger share of expected revenue is due to a number of mining rig orders placed in 2021 from a variety of companies purchasing thousands of Avalonminers. On Wednesday, the firm announced that Genesis Digital Assets had settled a purchase order for 10,000 A1246 and A1166 Pro Avalonminers.

According to Canaan, the mining rig shipment to Genesis Digital Assets
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