{"id":44455,"date":"2021-06-16T17:01:22","date_gmt":"2021-06-16T14:01:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44455"},"modified":"2025-08-31T17:04:18","modified_gmt":"2025-08-31T14:04:18","slug":"canaan-to-supply-genesis-digital-assets-with-10000-asic-miners","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/canaan-to-supply-genesis-digital-assets-with-10000-asic-miners\/","title":{"rendered":"Canaan to supply Genesis Digital Assets with 10,000 ASIC miners"},"content":{"rendered":"<p>Chinese ASIC equipment maker Canaan Creative <a href=\"https:\/\/www.prnewswire.com\/news-releases\/canaan-advances-strategic-partnership-with-genesis-digital-assets-via-sale-of-10-000-bitcoin-mining-machines-301313448.html\">announced<\/a> an expansion of its strategic partnership with Genesis Digital Assets, under which it will supply the mining company with 10,000 Bitcoin mining devices.<\/p>\n<p>The parties have been cooperating since April 2021. Genesis Digital Assets bought from the Chinese giant <a href=\"https:\/\/forklog.com\/en\/news\/canaan-to-supply-genesis-digital-assets-with-miners-worth-nearly-93-63-million\">AvalonMiner A1246 ASIC miners for $93.63 million<\/a>. The order was to be fulfilled during 2021.<\/p>\n<p>The new agreement envisions the supply of AvalonMiner A1246 and A1166Pro miners. The first device is Canaan&#8217;s flagship \u2014 at an average price of around $5,000 its maximum hash rate is 90 TH\/s.<\/p>\n<p>AvalonMiner A1166Pro is an older model. Its maximum hash rate is 81 TH\/s, and the average price is around $1,300.<\/p>\n<p>The cost of the new order by Genesis Digital Assets was not disclosed. Full shipment is expected to be completed by 30 June 2021.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn the coming months, recent orders for Avalon miners from Canaan will help us increase the hash rate by at least twofold,\u201d said Abdumalik Mirakhmedov, CEO of the mining company.<\/p>\n<\/blockquote>\n<p>According to Genesis Digital Assets, the aggregate hash rate of its equipment in operation stands at 2.1 EH\/s \u2014 more than 1.4% of the Bitcoin network.<\/p>\n<p>In the first quarter of 2021, overseas clients <a href=\"https:\/\/forklog.com\/en\/news\/overseas-customers-accounted-for-78-of-canaans-revenue\">provided 78% of Canaan&#8217;s revenue<\/a>.<\/p>\n<p>On 8 June, the Chinese giant announced the opening of <a href=\"https:\/\/forklog.com\/en\/news\/canaan-opens-service-centre-in-kazakhstan\">an after-sales service centre in Kazakhstan<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese ASIC equipment maker Canaan Creative announced an expansion of its strategic partnership with Genesis Digital Assets, under which it will supply the mining company with 10,000 Bitcoin mining devices.<\/p>\n","protected":false},"author":1,"featured_media":44456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[845,1137],"class_list":["post-44455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canaan","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44455"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44455\/revisions"}],"predecessor-version":[{"id":44457,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44455\/revisions\/44457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/44456"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}