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Australia’s Mawson Infrastructure Purchases 17.3K Bitcoin Miners From Canaan
The ASIC miners will be deployed across Mawson’s flagship facility in Georgia and its Australian site from Q4 2021 through 2022.
STORY CONTINUES BELOW
Australian crypto mining company Mawson Infrastructure has purchased 17,352 ASIC bitcoin miners from Chinese manufacturer and Nasdaq-listed Canaan Creative, the company said Thursday.
- Mawson Infrastructure said the purchase of the new miners would add over 1.5EH to its existing operations. Mawson has now purchased over 3EH of ASIC bitcoin mining hardware.
- The mining company, which is based in Sydney, has operations in the U.S. and Australia.
- Mawson purchased 17,352 latest-generation Avalon A1166 and A1246 bitcoin miners, which it expects to deploy across Mawson’s flagship facility in the U.S. state of Georgia and its Australian site from Q4 2021 through 2022.
- “We again reiterate our end of CY21 goal of 2000 PH and end of CY22 goal of 5000 PH, and look forward to updating shareholders further on hardware purchases in due course,” James Manning, CEO Mawson Infrastructure, said in a statement.
- In July, the firm said it had taken delivery of 250 Bitmain Antminer S19 Pro machines from Canaan, and was expecting a further 570 Avalon A1246 units by month's end.
Read more: Mawson Infrastructure Increases Ownership of Luna Squares to 90%
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
