Category: Avalonminers

Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver

During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it…

After Years Of ASIC Manufacturing Canaan Expands To Bitcoin Mining In Kazakhstan

Canaan Inc., the crypto mining rig manufacturer based in Beijing, has announced the company plans to mine cryptocurrencies in Kazakhstan. The company says that the firm’s next-generation Avalonminer mining rigs…

Genesis Digital Assets Purchases 10,000 Bitcoin Miners From Canaan

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…

Canaan Expects $250M Revenue In Q2 — Yields And Mining Rig Deliveries To ‘Increase Substantially’

The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least…

Canaan To Sell $93 Million In Next-Generation Bitcoin Miners To Genesis Digital Assets

The ASIC bitcoin mining rig manufacturer and chipmaker, Canaan has announced the company has signed a $93.63 million purchase order with the mining firm Genesis Digital Assets. Genesis will be…

Canaan To Ship 11,760 Next-Generation Bitcoin Miners To A US-Listed Firm, CAN Shares Jump 11%

On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes…