Genesis Digital Assets, Canaan'dan 20.000 madenci daha satın aldı

Genesis Digital Assets published the procurement of 20,000 Canaan's BTC miners, which made them one step closer to achieving a complete quantity of 1.4 gigawatts in just two years.

Genesis Digital Assets stated their major purchase in a press release today, adding that the move is part of their overall capacity expansion plan. In addition, today they are centered on digital currency mining works in Scandinavia, as well as in North America. Of course, we are talking about “clean” energy obtained from renewable sources.

Amid the last major purchase from GDA, Canaan offered them up to 180,000 extra installations. And most likely the firm will take advantage of this offer. GDA co-founder Abdumalik Mirakhmedov, today they are making every effort to achieve a total quantity of 1.4 gigawatts by 2023. Because in July the whole volume of devices owned by Genesis Digital Assets was 143 megawatts, and the hash rate of 2.6 EH/s (higher than 2.6% of the world hash rate of BTC mining devices), the plans can be called at least optimistic. Nangeng Zhang, CEO of Canaan, said the company continues to develop strategic cooperation with GDA, and the investment confers both companies' belief in the prospect of digital currency mining. Previously, they signed a contract worth 94 million, and a few months later, Canaan received a new request from Genesis Digital Assets for 10,000 miners, having signed a corresponding agreement with the latter in July this year.

It's worth noting that the last acquisition of Genesis Digital Assets came shortly after the company completed another $125 million financial round. She intends to use these funds not only for capacities for the production of digital currencies but also for launching new data centers in America and the countries of Northern Europe. This, in turn, could significantly strengthen the position of the United States against the backdrop of a weakening volume of cryptocurrency production in China.

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