On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty services, maintenance, and technical consultation.
Chinese Miners Are Focused on Relocation, Canaan Opens Mining Rig Service Center in Kazakhstan
Ever since China started cracking down on bitcoin miners in the region, Kazakhstan has been a target for relocation. A number of Chinese operations have focused on the Central Asian country and former Soviet republic for relocation after the clampdown.
According to a recent report from Wired, quoting an anonymous source “familiar with China’s bitcoin mining industry,” Chinese miners who have “panicked” are moving to Kazakhstan “overnight.”