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Canaan Gets Order for 30,000 Bitcoin Mining Machines

By Matt Grossman

 

Canaan Inc. has secured a purchase order for 30,000 units of its Avalon bitcoin mining machines, the computing company said Wednesday.

The order, from Genesis Digital Assets, comes under a purchase option that Canaan granted Genesis in August for up to 180,000 mining machines.

Genesis had initially placed a firm order for 20,000 machines.

The new order for 30,000 machines is planned for delivery in the first quarter of next year, the company said.

Canaan American depositary receipts rose 5.2% in premarket trading.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

December 15, 2021 06:39 ET (11:39 GMT)

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