Announcements, Firmware, Mining

Wattum Maintains Lead in Crypto Mining: $13 Million Deal Secures 2,400 Canaan Miners

May 7, 2021

Bitcoin mining farm management firm Wattum Management has confirmed their purchase of 2,400 AvalonMiner 1166 Pro rigs from Canaan ($CAN). Canaan, a Chinese manufacturer and ASIC mining pioneer, will collect $13 million in revenue from the sale.

Demonstrating both a high hashrate and efficiency, the AvalonMiner 1166 Pro units will be distributed to customers based in the United States. With over 500 units already in stock and ready to ship, Wattum will be receiving shipments containing the remaining 1,900 between June and August of 2021.

Details regarding the purchase:

  • Model: AvalonMiner 1166 Pro
  • Hashing Rate: 81TH/s
  • Quantity: 2,400
  • Power Consumption: 3400Watts
  • Power Efficiency: 42J/TH
  • Total Cost: $13,000,000+

AvalonMiner 1166 Pro Features:

  • Safety and Quality
  • Built-In AI Chip
  • Simple Deployment
  • Easy Maintenance
  • Unique Reinforcement Design

A Mining Equipment Milestone

This sale bolsters Wattum’s position as a leader in the cryptocurrency mining market, as inventory availability from reputable resellers is crucial in a time where mining equipment is sold out well into next year.

Wattum has established its reputation for both competitively priced equipment, dependable management and colocation services, the value of which has steadily increased amidst the soaring coin prices. With many large corporations buying out available miners and looking towards hosting facilities for support, Wattum continues to boast their own fully managed hosting facility in the United States.

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Wattum Management

MONITOR EQUIPMENT PRODUCTION

Production is tracked at all times

EQUIPMENT OPTIMIZATION

Update firmware and drivers

REMOTE REBOOT

Regularly monitored and rebooted

TROUBLESHOOTING

Fix machines that stop mining

AUTOMATED EQUIPMENT UPKEEP

Equipment is routinely tested

ORDER REPLACEMENT PARTS

Part ordering and equipment repair

METER READING & INVOICE CREATION

Compare electricity vs profits

COIN SWITCHING (GPU ONLY)

Switch coins based on profitability

MONTHLY PROFIT TESTING

Pools are audited monthly

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