Canaan (CAN:NAS), a leading provider of supercomputing solutions, announced that it will be supplying 11,760 units of its next-generation A1246 ASIC AvalonMiners to US-listed Mawson Infrastructure Group Inc. (WIZP:OTCQB).
Throughout 2021, Canaan’s ASIC bitcoin miners will be shipped and installed across Mawson’s mining facilities, adding an additional 1.05EH to the existing bitcoin mining operations.
“In recent months, institutional and retail investors alike have expressed renewed interest in the potential of digital assets. 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. 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,” said Nangeng Zhang, CEO and Chairman of Canaan.
The A1246, Canaan’s latest AvalonMiner model, is a SHA256 mining rig, originally launched in Q3 2020. The A1246 produces a stable hashrate of 90TH/s with a power efficiency of 38J/TH, making it one of the fastest ASIC miners on the market today.
James Manning, CEO of Mawson, said: “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. By partnering with Canaan, we leverage their long-standing manufacturing expertise and product excellence to power our rapidly growing mining infrastructure globally.”
Canaan is a leading provider of supercomputing solutions, distinguished for superior cost-efficiencies and performance. In addressing the limitations of today’s computing hardware, Canaan strives to advance the world we live in by powering transformative technologies.
Canaan is renowned for having invented the world’s first ASIC-powered bitcoin mining machine in 2013, radically catalysing the growth of a computationally advanced bitcoin mining sector. Today, Canaan continues to be the second largest designer and manufacturer of bitcoin mining machines globally.
Developed through academic research, rigorous expertise in semiconductor design, and backed by a robust network of strategic partners, Canaan continues to expand its suite of advanced hardware offerings, exploring opportunities across some of the world’s most exciting emerging technologies.
For more information, visit: canaan.io
Mawson Infrastructure Group Inc. is a leading digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset Management. Headquartered in Sydney, Australia and operating across the USA and Australia, Mawson’s mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, with a strong focus on shareholder returns. Mawson matches energy infrastructure with next-generation modular data centre solutions, enabling the proliferation of blockchain technology.
For more information, visit: cosmoscapital.io