Canaan Inc. (NASDAQ: CAN) has had a busy week. The NASDAQ-listed and Hangzhou, China-headquartered blockchain mining hardware maker announced this week that it entered a purchase order agreement with Genesis Digital Assets Limited valued at up to $93.63 million.
The firm agreed to supply block reward miner Genesis Digital Assets with its A1246 AvalonMiner mining machine, set to be delivered and deployed throughout 2021. Canaan did not disclose the exact number of miners sold. The press release stated the new purchase would add 117MW in computing capacity to Genesis Digital Assets' current total of 140MW.
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