Mawson Buys 17,352 Bitcoin Mining Machines Canaan

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Mawson;The Australian  a bitcoin mining infrastructure and management provider, has announced it purchased 17,352 ASIC bitcoin mining rigs from hardware maker Canaan. The successful deployment of all machines could increase Mawson’s current hashrate capacity by 1,500 petahashes (PH).

“Coupled with our extensive power infrastructure across the U.S. and Australia, we look forward to having these units online in late 2021 and early 2022,” said James Manning, founder and CEO of Mawson. “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.”

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