The contract is for 30,000 Antminer S19J Pro machines, the company said in a statement.
Miners leaving China show the seriousness of new enforcement. But constrained trading and investment are more likely to really matter.
The Sichuan government has joined other Chinese provinces in ordering local bitcoin mining operations to shut down pending an inspection.
Greenidge's holding company announced the planned merger with Nasdaq-listed Support.com Monday.
Some institutions have paused their buying, at least for the moment.
Analysts and mining pools say selling pressure from mining wallets hasn't contributed to recent corrections in bitcoin's price.
Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.
ASIC financing has driven Bitcoin's hashrate to all-time highs in 2020. By consequence, Bitcoin is less profitable to mine than ever.
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.
Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer.
A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.
Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.
Bitcoin mining firm Argo Blockchain said an 11-fold increase in revenues shows pivoting away from mining-as-a-service was a good move for the company.
CoinDesk Research presents an in-depth look into one of the largest publicly listed mining companies, Hut 8.
Although China remains the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.