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<p>🚨 Canaan acquires Cipher Mining’s 49% stake in the ABC sites in Western Texas: 4.4 EH/s hash rate, 120 MW power capacity, efficiency of 25.7 J/TH, and electricity costs below $0.03/kWh.

The transaction ($40M) includes 6,840 Avalon A15Pro miners; payment is made in Canaan shares (6-month lock-up).

This strengthens Canaan’s presence in competitive energy assets in the U.S.

#Bitcoin #Mining #Crypto</p>

🚨 Canaan acquires Cipher Mining’s 49% stake in the ABC sites in Western Texas: 4.4 EH/s hash rate, 120 MW power capacity, efficiency of 25.7 J/TH, and electricity costs below $0.03/kWh.
The transaction ($40M) includes 6,840 Avalon A15Pro miners; payment is made in Canaan shares (6-month lock-up).
This strengthens Canaan’s presence in competitive energy assets in the U.S.
#Bitcoin #Mining #Crypto

🚨 Canaan acquires Cipher Mining’s 49% stake in the ABC sites in Western Texas: 4.4 EH/s hash rate, 120 MW power capacity, efficiency of 25.7 J/TH, and electricity costs below $0.03/kWh. The transaction ($40M) includes 6,840 Avalon A15Pro miners; payment is made in Canaan shares (6-month lock-up). This strengthens Canaan’s presence in competitive energy assets in the U.S. #Bitcoin #Mining #Crypto

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