Bitcoin mining firm Genesis orders 10,000 more machines from Canaan

Bitcoin mining firm Genesis Digital Assets has ordered 10,000 more machines from Canaan, the China-based mining hardware maker.

The new order comes less than two months after Genesis placed nearly $94 million worth of order in late April. The value of the new order wasn’t disclosed and Canaan declined to comment when reached.

Nonetheless, the new order is for Canaan’s A1246 and A1166Pro AvalonMiners, which are expected to be shipped by the end of this month. The A1246 model is Canaan’s latest machine, with a maximum hashrate of 90 tera hashes per second (TH/s). Its average price is around $5,000.

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