Crypto
Why is Canaan Expanding BTC Mining in Energy-Troubled Kazakhstan?
Chinese Bitcoin ASIC manufacturer Canaan looks to further expand its mining operations in Kazakhstan, despite the energy-distressed region.
BTC$65,148.00-1.23%
ETH$1,881.50-2.67%
USDT$0.9992-0.02%
USDC$0.9999-0.01%
XRP$1.11-2.38%
SOL$76.14-2.07%
TRX$0.3283-0.06%
FIGR_HELOC$1.04+3.22%
HYPE$57.45-2.47%
DOGE$0.0696-4.48%
USDS$0.99990.00%
RAIN$0.014-2.10%
LEO$9.72+0.31%
ZEC$500.85-2.20%
WBT$56.74-1.35%
BTC$65,148.00-1.23%
ETH$1,881.50-2.67%
USDT$0.9992-0.02%
USDC$0.9999-0.01%
XRP$1.11-2.38%
SOL$76.14-2.07%
TRX$0.3283-0.06%
FIGR_HELOC$1.04+3.22%
HYPE$57.45-2.47%
DOGE$0.0696-4.48%
USDS$0.99990.00%
RAIN$0.014-2.10%
LEO$9.72+0.31%
ZEC$500.85-2.20%
WBT$56.74-1.35%
Shares of Canaan, manufacturer of bitcoin mining equipment, are down 1.82% after the company said its Q3 2022 net income plunged by 88% year-over-year.
Chinese Bitcoin ASIC manufacturer Canaan looks to further expand its mining operations in Kazakhstan, despite the energy-distressed region.