Summary
- Canaan Inc. has secured a purchase agreement with Cipher Mining Technologies Inc. for 6,600 units of the Avalon Miner A1566.
- Cipher Mining has the option to purchase additional mining machines, allowing for a total capacity of up to 160 megawatts.
- Canaan’s Chairman and CEO expressed satisfaction with the deal, highlighting the trust built from past collaborations.
- Cipher Mining relies on Canaan’s technology for their demanding needs, particularly in challenging environments.
