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    Canaan Makes First Foray Into Mining
    publish date 2021-06-21

    Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading provider of supercomputing solutions, is delivering on 2021 strategic plans announced earlier this year and driving Canaan’s own crypto-mining business in Kazakhstan with the latest Avalon Miner units already in operation.

     

    Nangeng Zhang, Chairman and CEO of Canaan, said: “We believe that our self-operated Bitcoin mining business will help us improve our financial performance as well as expand our business scope and customer base. As we integrate more industry resources into our operations, we believe this business segment will enable us to revitalize our mining machine inventory, shield us from Bitcoin volatility, and ensure our inventory sufficiency during market upturns”.

     

    Canaan also recently announced the opening of their first overseas Service Center in Kazakhstan.https://canaan.io/1101.html

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