Canaan Cements Strategic Partnership with Genesis Digital Assets Via Milestone Sales Contract with an Additional Purchase Option
August 31, 2021 at 07:11 am EDT
Canaan Inc. announced that it has secured a purchase order (the “Order”) from Genesis Digital Assets Limited (“Genesis Digital Assets”), a leading Bitcoin mining firm with extensive experience in building and operating industrial-scale Bitcoin mining data centers, for 20,000 of its Bitcoin mining machines. In conjunction with the Order, Canaan has granted Genesis Digital Assets an option to purchase up to 180,000 additional mining machines.