Canaan Announces Significant Customer Order of 11,760 Bitcoin Mining Machines
BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- 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.”
About Mawson Infrastructure Group Inc.
Mawson Infrastructure Group Inc. (“Mawson”) is a 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 mobile data center solutions, enabling the proliferation of blockchain technology.
About Canaan Inc.
Established in 2013, Canaan Inc. provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China's national high-tech enterprise certification. In 2018, Canaan achieved major technological breakthroughs to launch the K210, the world's first-ever RISC-V-based edge artificial intelligence (AI) chip, which is now widely used for access control in situations such as smart door locks and more. Canaan Inc. is currently focused on the research and development of advanced technology, including such areas as AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration and chip integration. Using the AI chip as its base, Canaan Inc. has established an intellectual value chain. Canaan Inc. also provides a suite of AI service solutions and is able to tailor these solutions to the needs of its partners. For more information, please visit: investor.canaan-creative.com.