Bitcoin mining firm Genesis Digital Assets has ordered 10,000 more machines from Canaan, the China-based mining hardware maker.
The new order comes less than two months after Genesis placed nearly $94 million worth of order in late April. The value of the new order wasn’t disclosed and Canaan declined to comment when reached.
Nonetheless, the new order is for Canaan’s A1246 and A1166Pro AvalonMiners, which are expected to be shipped by the end of this month. The A1246 model is Canaan’s latest machine, with a maximum hashrate of 90 tera hashes per second (TH/s). Its average price is around $5,000.
The A1166Pro AvalonMiner, on the other hand, is an older model with a hashrate of 81TH/s and an average price of around $1,300. Genesis’s previous order only included A1246 machines.
“Our recent purchase orders of Canaan’s Avalon Miners will help us to grow our hash rate by at least two times over the upcoming months,” said Abdumalik Mirakhmedov, co-founder and executive chairman of Genesi
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