Crypto News: Bitcoin ASIC Maker Canaan To Launch U.S. Mining Operations

[Google News Bot]

A Canaan executive detailed the success of its pilot mining operations in Kazakhstan and shared plans to expand its operations to the U.S. in an interview.ASIC manufacturer Canaan is set to launch bitcoin mining operations in the U.S. The company recently started self-mining in Kazakhstan where it has deployed over 10,000 miners.Ending Q1 2022, the company earned $213 million in revenue and held almost 167 BTC, valued close to $4 million at press time.Canaan, a global leader in bitcoin mining ri ...

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