Bitcoin’s recent bull run has juiced demand for new mining equipment, putting pressure on manufacturers to produce enough machines to meet demand.
The world’s largest cryptocurrency by market cap is currently trading at above $11,000 after it surpassed the $10,000 level over the weekend – a nearly 200 percent jump since February.
“The surge in bitcoin resulted in increased demand and supplies were already short,” said Steven Mosher, head of global sales and marketing at Canaan Creative, maker of the Avalon miner.
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