The mining firm will use the funding to buy 14,000 rigs – 8,000 for itself and 6,000 to sell.
The metric is tied to miners and may be distorted by China's mining ban.
Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.
Concerns about the extent of the China crackdown have contributed to the past months' decline in bitcoin's price to about $34,200.
The Toronto-based firm said it expects the figure of 3,806 to grow to around 5,000 by year's end.
Cryptocurrency markets will likely stay under sell pressure for the next few weeks, but data points indicate this bear market may be short-lived.
Delaying further sales could be seen as a way for Bitmain to shield both itself and its clients from falling prices of mining rigs.
Canaan has begun deploying its latest Avalon Miner units. The firm will also be attempting to expand its business scope and customer base.
The mining firm has a power plant in remote Kennerdell, Pa., using an alternative energy source grouped with hydropower in environmental impact.
CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.
"Compared to the amount of miners that get shipped regularly, it's just a small batch," a mining source told CoinDesk.
“They are doing it out of the sense of survival,” said John Reed Stark, former chief of the U.S. Securities and Exchange Commission’s Office of Internet Enforcement.
The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”
The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.
The order is to be completed by the end of the month.