The ASIC miners will be deployed across Mawson’s flagship facility in Georgia, US and its Australian site from Q4 2021 through 2022.
North American presales are up 17% from February, the firm said.
The new venture is expected to increase revenue and "optimize" its product offering structure.
Canaan shares have gained 230% so far in February.
The company's director of finance will serve as acting CFO.
The company says a "majority" of the ASICs are already deployed.
Delivery of the new machines is set to start in May.
Mining companies are soaring as bitcoin hits record highs.
Mining hardware manufacturer Canaan Creative reported a Q3 net loss that is more than quadruple its Q2 loss.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
Canaan shares are down 23% in August.
Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, fell below $2 Monday, their lowest after going public last year.
The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.
Bitcoin’s recent price drop has caught many investors off guard. However, a key metric showing worry among the miners gave a warning several weeks ago.
Canaan, the world's second-largest bitcoin miner maker, is aiming to raise $100 million with its initial public offering.