Canaan Technology expands its mining business and deploys over 10,000 miniers in Kazakhstan

According to reports, Canaan Technology (CAN.US) announced that it had reached a strategic cooperation agreement with several encryption mining companies to carry out joint mining operations in Kazakhstan. On December 22, 2021, Canaan Technology successfully launched the last batch of miners deployed in the first phase of Kazakhstan. As of December 31, 2021, Canaan Technology has 10,300 Avalon miners in operation in the country. In addition, the company continues to deploy additional computing power according to its mining business expansion plan.