Top-tier Chinese crypto mining entity Canaan reportedly disclosed the establishment of a facility situated in Kazakhstan, despite the existing scrutiny on Bitcoin (BTC) mining in China. 

Specifically, Canaan reportedly revealed the set-up of its new crypto mining center in Kazakhstan has been completed, via utilizing the most recent Avalon Miner units.

The company’s initiative to move into Kazakhstan is reportedly included within the scope of Canaan’s bigger strategic plans across the nation. 

Canaan has reportedly completed the roll-out of its first overseas service facility, headquartered in Kazakhstan, in June 2021, as an effort to make after-sales offerings, nominally machine testing, warranty services, maintenance and technical consultations, available to clients in the region. 

Canaan chairman and current Head Nangeng Zhang reportedly remarked that the company’s release of a self-functioning Bitcoin mining center will go a long way in enhancing its performance, financial-wise. 

“As we integrate more industry resources into our operations, we believe this business segment will enable us to revitalize our mining machine inventory, shield us from Bitcoin volatility, and ensure our inventory sufficiency during market upturns”.

Throughout the past weeks, China has reportedly adopted a rather strict attitude towards crypto, following an authoritative decision to close crypto mining operations in Sichuan, Yunnan, Xinjiang, Inner Mongolia and Qinghai.

To deal with this development, numerous local crypto mining entities are planning to, or have already, moved their operations to a different nation. Nominally, high-profile mining pool BTC.com completed the relocation of the first batch of its miners to Kazakhstan in early June.