Benzinga | Apr 22, 2021 07:15AM EDT

Canaan Announces Customer Order Of 11,760 Bitcoin Mining Machines; Financial Details Not Disclosed

Canaan Inc. (NASDAQ:CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it entered into a contract to provide 11,760 bitcoin mining machines to Mawson Infrastructure Group Inc. ("Mawson"). Under the contract, Canaan will ship and install its A1246 ASIC AvalonMiners throughout 2021, adding a total of 1.05EH to Mawson's global mining operations.



Headquartered in Sydney, Australia, Mawson is a global digital infrastructure provider publicly traded in the United States under the ticker symbol, WIZP. Mawson currently conducts its bitcoin mining operations in both the United States and Australia.

Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "Our contract with Mawson is a strong validation of our product quality, technology superiority, and supply reliability. We look forward to forging a long-term relationship with Mawson and supporting the growth of its bitcoin mining operations around the world."