{"id":87619,"date":"2023-11-28T18:12:04","date_gmt":"2023-11-28T16:12:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87619"},"modified":"2025-09-13T12:59:57","modified_gmt":"2025-09-13T09:59:57","slug":"canaan-secures-bitcoin-mining-licence-in-kazakhstan","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/canaan-secures-bitcoin-mining-licence-in-kazakhstan\/","title":{"rendered":"Canaan secures Bitcoin mining licence in Kazakhstan"},"content":{"rendered":"<p>In mid-November, the cryptocurrency mining company Canaan received a licence in Kazakhstan to carry out cryptocurrency mining activities. This is stated in the <a href=\"https:\/\/www.prnewswire.com\/news-releases\/canaan-inc-reports-unaudited-third-quarter-2023-financial-results-301999094.html\">\u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u043c \u043e\u0442\u0447\u0435\u0442\u0435<\/a> for the third quarter of 2023.<\/p>\n<p>Together with its partners, the mining equipment maker plans to resume operations of the farms by the end of 2023.<\/p>\n<p>The company\u2019s revenue from mining activities in the third quarter of 2023 amounted to $3.3 million, down 79.5% from the <a href=\"https:\/\/forklog.com\/en\/news\/canaan-miner-revenue-up-43-in-q2\">second quarter<\/a> results. The sharp decline was, in particular, due to the closure of centers in Kazakhstan.<\/p>\n<p>Canaan began cryptocurrency mining operations in Kazakhstan <a href=\"https:\/\/forklog.com\/en\/news\/canaan-starts-bitcoin-mining-in-kazakhstan\">in June 2021<\/a> under the Avalon Made brand.<\/p>\n<p>In July 2023, the company shut down equipment with a total hash rate of 2 EH\/s in the country, and from August it temporarily <a href=\"https:\/\/forklog.com\/en\/news\/canaan-suspends-bitcoin-mining-in-kazakhstan\">stopped<\/a> Bitcoin mining capacity in the republic after the <a href=\"https:\/\/forklog.com\/en\/news\/kazakh-senate-approves-revised-digital-assets-law\">mandatory licensing<\/a> requirements came into force.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In mid-November, the mining company Canaan received a licence in Kazakhstan to carry out cryptocurrency mining.<\/p>\n","protected":false},"author":1,"featured_media":87620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[845,1137,153],"class_list":["post-87619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canaan","tag-cryptocurrency-mining","tag-kazakhstan"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87619"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87619\/revisions"}],"predecessor-version":[{"id":87621,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87619\/revisions\/87621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87620"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}