Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown


Source: namex.co namex.co

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Crypto & Tech News 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 strategic plans in the country. Canaan previously opened its first overseas service center in Kazakhstan earlier this month to provide local customers with after- sales services like machine testing, warranty services, maintenance and technical consultations....