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$63,414.00+3.30%
ETH$1,674.13+3.56%
USDT$0.999-0.01%
USDC$0.99980.00%
XRP$1.14+4.04%
SOL$66.86+6.33%
TRX$0.3138-2.31%
FIGR_HELOC$1.03+0.29%
DOGE$0.0863+4.74%
HYPE$58.58+9.65%
USDS$0.99970.00%
LEO$9.49-0.98%
RAIN$0.0133+1.92%
ZEC$435.32+6.35%
XMR$375.99+12.10%
BTC$63,414.00+3.30%
ETH$1,674.13+3.56%
USDT$0.999-0.01%
USDC$0.99980.00%
XRP$1.14+4.04%
SOL$66.86+6.33%
TRX$0.3138-2.31%
FIGR_HELOC$1.03+0.29%
DOGE$0.0863+4.74%
HYPE$58.58+9.65%
USDS$0.99970.00%
LEO$9.49-0.98%
RAIN$0.0133+1.92%
ZEC$435.32+6.35%
XMR$375.99+12.10%
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.