Canaan Technology: Started self-operated mining in Kazakhstan in June this year

At the analyst call on June 1, Zhang Nangang, chairman of Canaan Technology, said that about 200 million US dollars had been paid to the fab to ensure capacity supply, and the capacity supply for the next 12 months had been locked. As of May 31, 2021, Canaan’s incomplete total orders exceeded 149,000 mining machines. It has signed purchase orders for more than 10,000 mining machines with US stock-listed Mawson and international mining giant Genesis. There are 29 customers. In addition, Canaan stated that it would start self-operated mining in Kazakhstan in early June.