Canaan Expands Its Mining Operations With Deployment Of Over 10,000 Mining Machines

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By PR Newswire BEIJING, Jan. 4, 2022 /PRNewswire/ — Canaan Inc. (CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that it has entered into strategic collaboration agreements with multiple crypto mining firms for joint-mining business in Kazakhstan. On December 22, 2021, the Company successfully launched the last batch of mining machines online under its first phase of deployment in Kazakhstan. As of December 31, 2021, the Company had an aggregate of 10,300 AvalonMiner units in mining operations in the country. The Company continues to …

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