Canaan Creative Establishes Operation Base in Kazakhstan to Conduct Mining Operations

According to Coindesk on June 23, Canaan Creative has decided to join crypto mining and set up an operating base in Kazakhstan. In a press release on Wednesday, the company said it was diversifying its business to Bitcoin mining and continuing to sell mining equipment to help boost its financial performance. The company has begun deploying its latest Avalon mining equipment, and its CEO Zhang Nangeng said Canaan will also try to expand its business scope and customer base.