Canaan secures an order of 10,000 bitcoin mining machines

Canaan Inc. (CAN) has secured a purchase order for 10,000 of its A1246 and A1166Pro Bitcoin mining machines from Genesis Digital Assets Limited, a leading Bitcoin mining firm with extensive experience in building and operating industrial-scale Bitcoin mining data centers.As per the terms, the Company will deliver the Bitcoin mining machines to Genesis Digital Assets in full by June 30, 2021.Mr. Nangeng Zhang, Chairman and CEO: "We are excited to announce this additional purchase order from Genesis Digital Assets. This is a concrete advancement of both parties' long-term strategic partnership, following an initial order from Genesis Digital Assets valued at up to US$93.63 million that we secured in April this year...".Recent article (June 8): Canaan: China Bitcoin Crackdown Spells Short-Term Trouble