While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan – Mining Bitcoin News


On Monday, the manufacturer of a specific application circuit (ASIC) Canaan Inc. announced that the company had established a foreign after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services such as machine testing, warranty services, maintenance and technical consulting.

Chinese Miners Focus on Relocation, Canaan Opens Mining Platform Service Center in Kazakhstan

Since China began cracking down on bitcoin miners in the region, Kazakhstan has been a target for relocation. A number of Chinese operations focused on the Central Asian country and the former Soviet republic to relocate after the cooling.

According to recent report de Wired, citing an anonymous source “known about Chinese bitcoin mining,” Chinese miners who “panicked” are relocating to Kazakhstan “suddenly.”

After several companies announcing migration to Kazakhstan after the Chinese government’s statements, the publicly listed company Canaan (Nasdaq: CAN) explained that it has established a foreign after-sales service center for miners in the country bordering China and Russia.

“Through the service center, local customers will be able to access technical support, guidance and training services for basic mining machinery operations such as upgrade firmware, Fleet Management System (“ FMS ”) programs for mining management,” Canaan detailed.

“As well as mining pool access and configuration. To measure computer power and machine stability, local customers will be able to test the performance of their mining machines at the service center. Customers who need technical support for firmware upgrades, including optimizing temperature, fan control and starting speeds, as well as reducing frequency, voltage and bug fixes, will now be able to do that at the center, ”the company added.

Kazakhstan Warm Up to Crypto Operations Migrating to the Country

A few years ago, Kazakh officials seemed hesitant about allowing the crypto economy to flourish in the country near the Caspian Sea. In 2018, reports noted that Kazakhstan might ban bitcoin mining and other types of crypto services. After a few years, the country’s authorities and financial regulators seem much more open to adopting crypto assets. Recently Kazakhstan central bank announced plans to pilot a central bank digital currency (CBDC) with a number of private companies.

The founder of the Kazakh Xive, a crypto-currency energy contract operation, says Chinese mining companies are regularly looking for plots in the country to set up shop.

“These people are waiting for some explanation from the Chinese government, and they are looking for plan B if the government completely restricts or somehow completely bans mining,” Bekbauov said in an interview.

Canaan’s after-sales team plans to respond to miners located in Kazakhstan working on the field to repair mining platforms and “minimize the potential revenue impact on customers.” Mining operators using Canaanite machines will be able to control sets of platforms and Canaan’s after-sales team will plan to train miners on how to use FMS tools.

“The establishment of the service center in Kazakhstan is strategic to expand our after-sales geographic coverage and provide faster and easier access to support our growing international clientele,” Canaan President and CEO Nangeng Zhang said of the company’s new venture. company. “This development strengthens our commitment to service excellence and provides a best customer experience,” the Canaanite executive concluded.

What do you think about Canaan setting up a service center on an ASIC mining platform in Kazakhstan? Let us know what you think about this topic, in the comments section below.

Tags in this story

Bitcoin, Bitcoin (BTC), Bitcoin mining, Canaan, Canaanite CEO, Canaan Inc, Canaanite Kazakhstan, China, Chinese miners, Repair, Fleet Management System, Kazakhstan, mining, Nangeng Zhang, service center, technical support

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