Cipher and Stronghold get new Bitcoin Canaan ASICs

As halving approaches, the bitcoin miners american Cipher and Stronghold renew their fleet with thousands d’ASICs brand Canaan.

The Chinese manufacturer Canaan announced on Wednesday that it had signed an agreement with Cipher Mining and Stronghold Digital Mining to supply nearly 18,000 machines dedicated to Bitcoin mining.

Cipher Mining has placed an order for 16,700 Avalon Miners: the A1466 model, which delivers an average chopping rate of 150 T/s. The machines are scheduled for delivery in spring 2024, and will be installed at the group’s mining centers in Texas.

Last year, the US-based miner had already acquired 11,000 Avalon Miner A1346s. For Cipher boss Tyler Page, the Canaan ASICs purchased in 2023 are “among the best-performing installations” in his fleet, particularly during “the hot summer months in Texas”.

For its part, Stronghold Digital Mining has ordered 1100 Avalon Miner A1346. The latter offers an average chopping rate of 123 T/s. The machines will be commissioned at its Pennsylvania-based mining center later this month.

These additional orders underline our strong partnerships with publicly traded mining companies and confirm the capabilities of our new A14 product series. As conditions improve and we approach Bitcoin’s next bull market, our computing power sales are re-emerging across a variety of channels, reaching institutional customers, distributors and online retail stores,” Nangeng Zhang, Canaan’s president, enthused in a statement.

BTC’s big miners are preparing today for the halving to come. In April 2024, the rewards distributed by the Bitcoin network will be divided by 2.

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