Chinese crypto mining rig maker Canaan entered into strategic collaborations with multiple mining firms in Kazakhstan as it looks to further expand its presence in the central Asian country.As of Dec. 31, Canaan had 10,300 AvalonMiners in operation in Kazakhstan, the firm announced on Tuesday.Canaan is now collaborating with local firms to form a joint-mining business in … [Read more...] about ASIC Maker Canaan Signs Multiple Deals for Expansion in Kazakhstan
Canaan
ASIC Maker Canaan Delivers 2,000 Mining Rigs to Kazakhstan
Crypto mining rig maker Canaan delivered 2,000 Avalon mining rigs to Kazakhstan, according to a press release shared with CoinDesk on Monday.The Chinese rig manufacturer announced in June that it would be diversifying its mining business in Kazakhstan, in the wake of China’s crackdown on the industry.Following the delivery, Canaan’s overseas-registered entity in Kazakhstan will … [Read more...] about ASIC Maker Canaan Delivers 2,000 Mining Rigs to Kazakhstan
Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan
Hive Blockchain Technologies ordered another 6,500 Avalon bitcoin mining machines from manufacturer Canaan (NASDAQ: CAN).The order comes after the Canadian company (NASDAQ: HIVE) bought 4,000 units in August and 6,400 in January.The latest purchase will push Hive’s bitcoin mining capacity to 2 exahash per second by December and 3 EH/s by March 2022, executive chairman Frank … [Read more...] about Hive Blockchain Orders Another 6,500 Bitcoin Mining Machines From Canaan
Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown
Major Chinese cryptocurrency miner provider Canaan has posted an update on its crypto mining business in Kazakhstan amid an ongoing crackdown on Bitcoin (BTC) mining in China.Canaan announced Monday that the company has rolled out its own crypto mining business in Kazakhstan using its latest Avalon Miner units.The firm’s move to Kazakhstan comes as part of the company’s broader … [Read more...] about Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown