Bitcoin mining equipment manufacturer Canaan expands its operations in Kazakhstan
The company announced that as of December 31, 2021, it has commissioned 10 300 AvalonMiner devices in the country
05.01.2022 - 10:10
211
1 min
0
What’s new? Bitcoin mining equipment manufacturer Canaan Inc expands its operations in Kazakhstan after signing new strategic agreements with several cryptocurrency mining companies. The company announced that it has deployed 10 300 AvalonMiner devices in Kazakhstan as of December 31, 2021.
Information on the PR Newswire website
What does the Canaan representative say? The organization cooperates with the local firms as part of its plans to expand business outside of China. However, the company refused to list its local partners. Nangeng Zhang, Chairman and CEO of Canaan, commented:
“The deployment of over 10 000 mining machines not only deepens our collaboration with leading local mining farms, but also marks our great strikes in our cultivation of the bitcoin mining business. Joining hands with mining firms, we are excited to leverage each of our respective strengths and resources to maximize profits and capitalize on the growth of the digital assets industry.”
What is known about the company? Founded in 2013, Canaan is a technology company specializing in the design of high-performance computing ASIC chips. The company has seen impressive growth in 2021, with revenues reaching a post-IPO high. It reached $204,5 million in the third quarter, an increase of 708,2% over the same period in 2020.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 488
BTC
+0.82%
-
Ethereum
$3 331.65
ETH
+6.26%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+24.56%
-
Dogecoin
$0.387823
DOGE
+0.99%
-
Cardano
$0.863225
ADA
+10.31%
-
Bitcoin Cash
$486.89
BCH
-6.03%
-
Polkadot
$6.05
DOT
+7.55%
-
Stellar XLM
$0.28459
XLM
+18.03%
-
Litecoin
$89.83
LTC
+0.43%