Genesis Buys 10,000 Canaan Bitcoin Miners

Bitcoin miner manufacturer Canaan announced that it has secured a purchase order for 10,000 of its A1246 and A1166Pro machines from industrial-scale bitcoin mining firm Genesis Digital Assets. The order, which is set to be delivered in full by June 30, 2021, marks an advancement of the companies’ strategic partnership first fostered in April.

The release did not clarify how much Genesis paid for the rigs or the specific rise in hash rate that Genesis expects from this acquisition. But in the announcement, a Genesis representative noted that the new machines could help double its total hash rate.

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