Cryptocurrency News

Canaan sets up ASIC mining rig service in Kazakhstan while China’s bitcoin miners flock to Central Asia – Mining Bitcoin News


On Monday, application-specific integrated circuit (ASIC) maker Canaan Inc. announced that the company has set up an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide after-sales services such as machine testing, warranty services, maintenance and technical consultation to local customers.

Chinese miners focus on resettlement, Canaan opens mining rig service center in Kazakhstan

Since the beginning of China cracking down On bitcoin miners in the region, Kazakhstan has been a target for relocation. Many Chinese operations have focused on the Central Asian country and the former Soviet republic for relocation after the shutdown.

according to recent report good From Wired, citing an unnamed source “acquainted with China’s bitcoin mining industry,” Chinese miners who are “panicked” are moving to Kazakhstan “overnight”.

After several firms announcement of Following statements from the Chinese government emigrating to Kazakhstan, publicly listed firm Canaan (Nasdaq: CAN) explained that it had set up an overseas after-sales service center for miners in the country that borders China and Russia.

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

“As well as mining pool usage and configuration. To assess computing power and machine stability, local customers will be able to test the performance of their miners at the service center. Optimization of temperature, fan control and start-up speed As well as technical support for firmware upgrades including frequency reduction, voltage and bug fixes, customers will now be able to do so at the center,” the firm added.

Kazakhstan heats up crypto operations migrating to the country

A few years ago, the Kazakhstani authorities were hesitant to allow the crypto economy to flourish in the country near the Caspian Sea. In 2018, reports Noted that Kazakhstan will likely ban bitcoin mining and other types of crypto services. After a few years, the country’s authorities and financial regulators are much more open to the adoption of crypto assets. Recently the Central Bank of Kazakhstan announced There are plans to operate a central bank digital currency (CBDC) with a few private companies.

The founder of Kazakhstan-based Xive, a cryptocurrency 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 clarification from the Chinese government, and they are looking for a plan B if the government restricts or somehow bans mining altogether,” Bekbouw said in an interview.

Canaan’s after-sales team plans to respond to miners based in Kazakhstan working in the area to repair the mining rig and “minimize the potential revenue impact on customers”. Mining farm operators leveraging Canaan-brand machines will be able to supervise batches of rigs, and Canaan’s after-sales team plans to train miners to use FMS equipment.

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

What do you think about setting up an ASIC Mining Rig Service Center in Canaan Kazakhstan? Let us know what you think about this topic in the comment section below.

Tags in this story

Bitcoin, bitcoin (btc), bitcoin mining, Canaan, Canaan CEO, Canaan Inc., canaan kazakhstan, China, sugar miners, action, fleet management system, Kazakhstan, digging, nangeng zhang, service Center, technical support

image credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any materials, goods or services mentioned in this article.





Source link

findmostly
Avinash is a blogger, Enterprenuer, marketer and author. He is very good affiliate marketer and Product Reviewer.
https://findmostly.com