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Canaan Creative to supply Mawson Infrastructure with 11,760 ASIC miners

A division of the mining company Mawson Infrastructure Group (formerly Wize Pharma) in the United States has agreed with Canaan Creative to supply and install 11,760 AvalonMiner A1246 during 2021. CoinDesk reports.

After the deployment of the equipment, the hash rate of the Australian firm will increase by 1.05 EH / s.

According to Canaan’s documentation, the AvalonMiner A1246 delivers 90TH / s processing power with 38J / TH energy efficiency.

Recall that at the end of 2020, Canaan recorded a net loss of $ 33 million, reducing the hash rate of devices sold by 37.1%.

In April 2021, investors filed a class action lawsuit against Canaan, accusing it, among other things, of hiding equipment supply disruptions.

In March, the ASIC miner manufacturer sold 8400 Avalonminer A1246 to Blockcap, in February – 6000 similar models to Core Scientific.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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