HIVE Orders 6,500 Bitcoin Mining Rigs From Canaan

Bitcoin Magazine

  • HIVE Blockchain ordered 6,500 bitcoin mining machines from Chinese maker Canaan.
  • The purchase builds on the two firms’ partnership which has sent the Canadian miner over 10,000 machines this year.
  • HIVE expects to reach 2 EH/s BTC mining capacity by the end of 2021.

Bitcoin miner HIVE Blockchain has secured another purchase order of Canaan machines, the manufacturer announced in a release. The miner will receive 6,500 latest-generation Avalon bitcoin mining rigs from Canaan in a follow-up order to the 10,400 other units purchased this year.

“The additional purchase order from HIVE further strengthens our working relationship,” Nangeng Zhang, chairman and CEO of Canaan, said. “We will continue to position ourselves as an important partner for HIVE as they accelerate their business growth. With our next-generation Avalon Miners as well as our quality on-site and off-site support, we are confident to achieve greater success with our clients in the crypto-mining field.”

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