Cipher Mining Partners With Canaan Corporation. Buying 11k Mining Machines

  • Cipher Mining and Canaan Corporation laid a contract to buy.
  • Greater than 70k mining machines is going to be on Cipher’s deployed fleet.

Over 11k new mining machines happen to be purchased by Cipher Mining (CIFR), a significant Bitcoin mining data center company. This purchase happened with Canaan Inclusion, a computing solutions provider on May 9, Tuesday. 

In addition, the announcement of recent A1346 model mining machines is about to be launched within the approaching quarter (Q3) of the season 2023. This is used at Cipher’s Odessa, Texas facility. Furthermore, the agreement added:

“Following the delivery, Cipher have a deployed fleet in excess of 70,000 mining machines and seven.2 EH/of self-mining capacity across its portfolio.”

Exactly What Do the CEOs of Cipher and Canaan Say?

The Chief executive officer of Cipher Mining, Tyler Page disclosed a contented note around the collaboration with ASIC high-performance computing provider, Canaan. He added this agreement props up managing cyclicality of bitcoin mining space prices for remarkable roi (Return on investment). Whereas, Page expects this purchase could be an add-onto their fleet and anticipate these mining machines to do perfectly along the way. 

However, the Chief executive officer and Chairman of Canaan Corporation., Nangeng Zhang has provided support by honoring Cipher for his or her world-class mining performances. He believes their software would enhance greater efficiency therefore United States users might come forward for Canaan’s services. 

Meanwhile, Zhang stated, 

“Today’s agreement with Cipher stands as proof of our expanding presence within the U.S. market”. 

The significant Canaan team states lead to Cipher’s energetic growth through its services towards the Bitcoin mining community. They is well-ready for the nook and corner growth of their unparalleled services within this decentralized crypto world.

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