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Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan

Hive Blockchain Technologies ordered another 6,500 Avalon bitcoin mining machines from manufacturer Canaan (NASDAQ: CAN).

  • The order comes after the Canadian company (NASDAQ: HIVE) bought 4,000 units in August and 6,400 in January.

  • Canaan is a China-based manufacturer best known for its ASIC mining machines that, during boom times, have seen demand skyrocket as more mining businesses attempt to capitalize on bitcoin’s rising price.

Tanzeel Akhtar is a CoinDesk news reporter based in Europe.

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