Chinese company Canaan reported the delivery of a large batch of Avalon Bitcoin miners to Kazakhstan.
According to CoinDesk, this concerns 2,000 devices. The miners will be put into operation in the near future.
Currently, the total hashrate of the equipment stands at 32,000 TH/s, with Canaan planning to “put into operation 850,000 TH/s” in the future.
In June the company announced the opening of after-sales service center and the start of Bitcoin mining in Kazakhstan.
In the third quarter of 2021, Canaan’s revenue was record $204.5 million.
As reported, amid tightening rhetoric from Chinese authorities toward cryptocurrency mining, many companies began placing their equipment in Kazakhstan.
According to the Cambridge Centre for Alternative Finance, the country has become one of the world’s leaders in terms of computing power in the Bitcoin network.
Against this backdrop, electricity consumption in Kazakhstan has risen significantly, prompting local authorities to propose limiting the power usage of mining data centers in case of electricity shortages.
In November, Energy Minister Magzum Mirzagaliyev emphasized that compliant mining farms would not be restricted.
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