Bitcoin mining machine manufacturer Canaan Technology signs another order with Bitcoin mining company Genesis

September 1st news, according to foreign media reports, on Tuesday, Canaan Inc., the first blockchain stock and Bitcoin mining machine manufacturer, announced that it had received a purchase order from Bitcoin mining company Genesis Digital Assets Limited (hereinafter referred to as Genesis).
According to the purchase agreement, Genesis will purchase 20,000 Bitcoin mining machines from Canaan Technology. At the same time, Canaan Technology will grant Genesis the option to purchase up to 180,000 additional mining machines.
It is reported that Genesis is one of the Bitcoin mining companies. Since 2013, the company has established more than 20 industrial-scale Bitcoin mines and mined more than $1 billion worth of Bitcoin.
Founded in 2013, Canaan Technology is an Internet company engaged in the research and development of independent AI chips and the provision of high-performance computing services. It mainly produces blockchain servers and designs ASIC microprocessor solutions. On November 21, 2019, the company was successfully listed on the Nasdaq in the United States with the stock code "CAN".
In April this year, the company received its first purchase order from Genesis worth up to $93.63 million. In June this year, the company received a purchase order for 10,000 A1246 and A1166Pro Bitcoin mining machines from Genesis.

Source: TechWeb.com.cn