{"id":44823,"date":"2021-06-23T12:11:03","date_gmt":"2021-06-23T09:11:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44823"},"modified":"2025-08-31T18:50:18","modified_gmt":"2025-08-31T15:50:18","slug":"canaan-starts-bitcoin-mining-in-kazakhstan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/canaan-starts-bitcoin-mining-in-kazakhstan\/","title":{"rendered":"Canaan Starts Bitcoin Mining in Kazakhstan"},"content":{"rendered":"<p>Chinese maker of mining equipment Canaan Creative has launched its first own Bitcoin mining operation.<\/p>\n<p>According to <a href=\"https:\/\/canaan.io\/1105.html\" target=\"_blank\" rel=\"noreferrer noopener\">a press release<\/a>, the Avalon ASIC miners installed at the farm in Kazakhstan are already in operation.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Excited to share that we&#8217;re expanding into crypto mining! Logical next step in enabling us to optimize our revenues, as well as strengthen our inventory management and supply chain capabilities.<a href=\"https:\/\/t.co\/Yt0xETFdaE\">https:\/\/t.co\/Yt0xETFdaE<\/a> <a href=\"https:\/\/t.co\/BxqhYvEWgF\">pic.twitter.com\/BxqhYvEWgF<\/a><\/p>\n<p>\u2014 Canaan (@canaanio) <a href=\"https:\/\/twitter.com\/canaanio\/status\/1407613296912392192?ref_src=twsrc%5Etfw\">June 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We believe that our own Bitcoin mining business will help us improve our financial performance, as well as expand our scope of operations and client base,&#8221; said Canaan CEO Nangen Zhang.<\/p>\n<\/blockquote>\n<p>Integrating resources into the new venture will enable the manufacturer to balance its equipment inventories, the head of Canaan said.<\/p>\n<p>According to him, mining is also intended to hedge against Bitcoin volatility and ensure sufficient inventories of miners for sale during market upswings.<\/p>\n<p>Earlier in Kazakhstan, Canaan <a href=\"https:\/\/u1f987.com\/en\/news\/canaan-opens-service-centre-in-kazakhstan\">opened its first after-sales service center<\/a> outside of China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese maker of mining equipment Canaan Creative has launched its first own Bitcoin mining operation.<\/p>\n","protected":false},"author":1,"featured_media":44824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[845,1137,153],"class_list":["post-44823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canaan","tag-cryptocurrency-mining","tag-kazakhstan"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44823"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44823\/revisions"}],"predecessor-version":[{"id":44825,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44823\/revisions\/44825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44824"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}