CAN - Cipher Mining agrees to purchase 11000 mining machines
2023-05-09 10:20:31 ET
- Bitcoin mining data centers company Cipher Mining ( NASDAQ: CIFR ) has entered into a purchase agreement with computing solutions provider Canaan ( NASDAQ: CAN ) for 11,000 mining machines, the two companies said on Tuesday.
- The new A1346 model mining machines will be delivered by Canaan in Q3.
- The machines will be used at Cipher's Odessa, Texas facility.
- With the purchase, Cipher will have a deployed fleet of more than 70,000 mining machines and 7.2 EH/s of self-mining capacity across its portfolio.
- Source: Press Release
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Cipher Mining agrees to purchase 11,000 mining machines