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$61,708.00+2.75%
ETH$1,717.61+6.45%
USDT$0.9988+0.01%
USDC$0.9999+0.02%
XRP$1.10+4.22%
SOL$81.25+4.31%
TRX$0.3187+0.69%
FIGR_HELOC$1.04+0.26%
HYPE$67.33+6.45%
DOGE$0.0752+3.84%
RAIN$0.0156+0.39%
USDS$0.9997+0.01%
LEO$9.12-0.66%
ZEC$439.07+3.95%
XLM$0.1994+1.39%
BTC$61,708.00+2.75%
ETH$1,717.61+6.45%
USDT$0.9988+0.01%
USDC$0.9999+0.02%
XRP$1.10+4.22%
SOL$81.25+4.31%
TRX$0.3187+0.69%
FIGR_HELOC$1.04+0.26%
HYPE$67.33+6.45%
DOGE$0.0752+3.84%
RAIN$0.0156+0.39%
USDS$0.9997+0.01%
LEO$9.12-0.66%
ZEC$439.07+3.95%
XLM$0.1994+1.39%
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.