- The Chinese bitcoin miner manufacturer said Wednesday it will be shipping and installing the A1246 ASIC AvalonMiners for Mawson Infrastructure throughout 2021, adding an additional 1.05EH to its global mining operations.
- Headquartered in Sydney, Mawson has mining operations across the United States and Australia.
- Canaan’s latest AvalonMiner model, the A1246, was launched in the third quarter of last year. Canaan said the SHA256 bitcoin mining rig produces a hashrate of 90TH/s with a power efficiency of 38J/TH.
- “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 of Canaan.
- In March, Canaan reported orders for its cryptocurrency mining machines were rising amid sky-high prices for bitcoin, with increased demand for its equipment from North America and Central Asia since late 2020.
- As reported by CoinDesk, bitcoin’s hashrate, which is a way to measure the total power consumption and mining output of the network, has topped new all-time highs as mining firms like Mawson Infrastructure continue to add more hash power.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.