Copy link
Increase text size
Decrease text size
Link copied

Bitcoin mining rig manufacturer Canaan to supply 11,760 machines to Mawson for its U.S. and Australian mining operations

The Bitcoin mining rigs will add a total hashrate of 1.05EH to Mawson’s global mining operations.

Image by: Marco Verch / Flickr

Fri, 23 Apr 2021, 07:20 am UTC

With the market rally pushing crypto prices higher, mining Bitcoin and other cryptos have become very lucrative. As mining firms frantically expand the capacity to maximize profits, hardware manufacturers have been making a killing as they cater to the huge demand for mining rigs.

One of these is the Nasdaq-listed Chinese Bitcoin miner manufacturer Canaan Creative. The company announced that it will be supplying 11,760 next-gen miners to Mawson Infrastructure to beef up its global mining operations, according to Coindesk.

Canaan will be shipping and installing 11,760 of its top-of-the-line A1246 ASIC AvalonMiners throughout 2021. Mawson has Bitcoin mining operations in the United States and Australia

Launched in the third quarter of 2020, the A1246 ASIC AvalonMiner produces a hashrate of around 90 terahash per second (TH/s) and has a power efficiency of around 38 joules per terahash (J/TH), according to Bitcoin.com. The new hardware will add a total of 1.05EH to Mawson’s global mining operations

The Sydney-based Mawson Infrastructure Group was formerly called Wise Pharma before it was rebranded after it was acquired by Cosmos Capital Limited. The rebranding aims to “better reflect the company’s existing and future operations.”

“At this exciting and pivotal time for us, working with proven leaders in the mining hardware industry will be crucial to expanding our bitcoin mining operations in 2021 and beyond,” Mawson CEO James Manning said. “By partnering with Canaan, we leverage their long-standing manufacturing expertise and product excellence to power our rapidly growing mining infrastructure globally.”

“Though many mining businesses have struggled to accommodate the resulting demand, Canaan has been able to consistently deliver on its promise of supporting our global partners,” Canaan CEO and Chairman Nangeng Zhang said. “Backed by our robust supply chain model, we are excited to be partnering with Mawson in their next phase of growth as they ramp up their mining activities.”

Canaan (CAN) shares rose by 11 percent after the announcement. Its shares, which have been trading at just around in January, have already gained by more than 200 percent this year.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Jon361
  • 2021.05.08 22:57:56
A common misperception is that lost or stolen bitcoin is gone forever. without knowing that, as Blockchain Forensics Continues to Evolve, Identifying, Tracing and Recovering Stolen, Hacked or Scammed Crypto Assets may have already become easier than traditional asset recovery. as easy as it is ONLY A Very Very few Professional Recovery Experts and Hackers can get this type of job done, TO Perform or Invest and hold a certain Amount of Bitcoin you have to verify your Identity as Required by the Law. A few Expert have found a way to exploit this Verification and use it to their advantage to Trace and identify Bitcoin wallet and the Identity of the person who owns the Wallet which Victims sent Bitcoin or other Crypto Asset to.
IF You ever lost your funds to an investment scam, Bitcoin Mining Scam or any Type of Scam what you need to do is Hire a Professional to get the job done. Also be very careful of who you hire to get the job done, as MORE Than 95% of people who claim they can Recover Lost, Stolen, Hacked, or Scammed Bitcoin are all Scammers themselves trying to rip you of Whatever is remaining of your Hard Earn Money WHICH was lost to Scammers.
If you ever need to HÏŘË a professional to help you recover your bitcoin or funds either stolen, HÄČKËD or ŠČÄMMËD, simply send an ema!| to ‘’FÅSTŘËČÕVËŘÝ02 HÃŤ GMÃÍĹ ČÕMË’’ . he is a professional recovery agent who recently recovered 500,000USD worth of Bitcoin Stolen from a friends wallet. he does not charge a penny until after the job is done. he has been tested and Trusted by Several Victims of investment scam i know.
  • 0
  • ·
  • 0
  • christalice
  • 2021.04.30 12:35:00
I have seen and tried different strategies and methods, until I lost a lot of money trying it. It was not until I presented this new strategy that I started up again and managed to recover my lost money and still achieve constant growth in my trade. Mr Oliver Donald is an incredible professional, with vast experience and a deep knowledge of agricultural negotiation, he helps me to accept the financial sanction. I have earned over $54,000 within three months of trading with him. Do not hesitate to contact him because he is a good marketer to invest with when you want to invest in cryptocurrency.

* Invest $ 300 and earn $ 3,000 per week
* Invest $ 600 and earn $ 6,000 per week
* Invest $ 1,000 and earn $ 12,000 per week
* Invest $ 2,500 and earn $ 30,000 per week

all in weekly earnings and 100% guaranteed. (Guaranteed payments) Do not hesitate to contact Mr Oliver Donald if you are interested. email:  [email protected] . com    WhatsApp +1 (720) 466-3701  
  • 0
  • ·
  • 0
  • Moses
  • 2021.04.26 04:46:29
I am a crypto currency trader and i make over 200% daily trading all day and night and also by passing even when market is down and others are resting , If you are interested, I can teach you how to trade and also help you achieve your goal in life with crypto i can turn 4 btc into $340,000.00 in less than four weeks, now that bitcoin has high prices...please note that crypto currency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins , bitcoin can also be traded for Ethereum, Litecoin, United States Dollar, Ripple, Euro, IOTA, and other stocks you need to put to trading on a daily basis with a very correct strategy and a target of profit as you get into the trading market with your capital. Also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more info....contact me on WhatsApp +1(206)-742-5358 or [email protected]
  • 0
  • ·
  • 0
  • AhnMarcellinus
  • 2021.04.24 02:03:53
How can I make a reseller agreement with Canaan in Korea?
  • 0
  • ·
  • 0
  • Moses
  • 2021.04.26 04:46:38
I am a crypto currency trader and i make over 200% daily trading all day and night and also by passing even when market is down and others are resting , If you are interested, I can teach you how to trade and also help you achieve your goal in life with crypto i can turn 4 btc into $340,000.00 in less than four weeks, now that bitcoin has high prices...please note that crypto currency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins , bitcoin can also be traded for Ethereum, Litecoin, United States Dollar, Ripple, Euro, IOTA, and other stocks you need to put to trading on a daily basis with a very correct strategy and a target of profit as you get into the trading market with your capital. Also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door ???? inbox me for more info....contact me on WhatsApp +1(206)-742-5358 or [email protected]
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $58,360.00 (+0.63%)
  • Ethereum (eth) $3,941.14 (+11.18%)
  • Binance Coin (bnb) $644.44 (+2.26%)
  • Dogecoin (doge) $0.550030 (-24.35%)
  • XRP (xrp) $1.52 (-3.59%)
  • Bitcoin (btc) $58,360.00 (+0.63%)
May 9, 2021 (Sunday)
01:44
BTC Surges by 1.01% Within 5 Mins, Marking 59,088.8 USDT
May 8, 2021 (Saturday)
17:10
BTC Surges by 1.04% Within 5 Mins, Marking 58,789.89 USDT
15:58
BTC Drops by 1.13% Within 5 Mins, Marking 57,534.72 USDT
10:00
DOGE Tops List Of Crypto Net Inflow With $1.2 Bln In Past 18 Hours
08:06
Class ZZ Adds SHIB To Swap Section
08:00
BTC Surges by 1.39% Within 5 Mins, Marking 58,528.11 USDT
02:30
Crypto Market Sentiment On May 08: Market In "Greed"
02:00
DOGE Tops List Of Crypto Net Inflow With $1.23 Bln In Past 10 Hours
May 7, 2021 (Friday)
16:12
BTC Surges by 1.06% Within 5 Mins, Marking 57,784.1 USDT
12:39
BTC Surges by 1.15% Within 5 Mins, Marking 57,399.99 USDT
10:00
ETC Tops List Of Crypto Net Inflow With $118.2 Mln In Past 18 Hours
07:34
7 O'Clock Capital Invests $1 Million In Class ZZ
07:30
Element Announces Closing Of $11.5 Million Angel Financing Led By SIG And Dragonfly Capital
02:30
Crypto Market Sentiment On May 07: Market In "Greed"
02:00
DOGE Tops List Of Crypto Net Outflow With $454.16 Mln In Past 10 Hours
00:12
BTC Surges by 1.01% Within 5 Mins, Marking 56,615.7 USDT
May 6, 2021 (Thursday)
18:34
BTC Drops by 1.02% Within 5 Mins, Marking 56,193.33 USDT
10:10
BTC Surges by 1.0% Within 5 Mins, Marking 57,749.9 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $470.93 Mln In Past 18 Hours
02:30
Crypto Market Sentiment On May 06: Market In "Greed"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft