Canaan to mine Bitcoin himself in Kazakhstan

Canaan, the manufacturer of Bitcoin mining hardware, has one of the largest mining hardware providers around the world announce They are making their first foray into Bitcoin mining themselves by setting up their mining operations in Kazakhstan.

“We believe that our self-running Bitcoin mining business will help us improve our financial performance as well as expand our business and customer base,” Canaan Chairman and CEO Nangeng Zhang said in the announcement. “As we integrate more industry resources into our operations, we believe this business segment will enable us to revitalize our mining machine inventory, protect us from bitcoin volatility and ensure our stock is adequate during market volatility.”

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