Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

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Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan
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All aboard to Kazakhstan. This bitcoin mining maker is going to the country, a trend that picked up after China's regulations.

) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021, finalizing phase one of its deployment in the central Asian country. Canaan is partnering with local firms as part of its business expansion plans outside of China. However, the company declined to list any of its local partners.

Although Canaan is based in Hangzhou, China, the company is eyeing expansion outside of its home country following

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