For overseas clients or customers stranded overseas? Giga-Nazha Intelligence establishes the first overseas service center in Kazakhstan

According to reports, mining chip manufacturer Canaan has set up its first overseas after-sales service center in Kazakhstan, Central Asia.

Kazakhstan Aftersales Service Center

Due to the competitive advantage brought by low-cost electricity, the cryptocurrency mining industry in Kazakhstan is flourishing. According to the Cambridge Bitcoin Electricity Consumption Indexdisplayed, Kazakhstan ranks as the fourth-largest country in global Bitcoin mining share, accounting for 6% of the world's Bitcoin mining power.

The Kazakh government has also maintained an open attitude towards the mining industry. In September last year, Kazakhstan aimed to attract investments worth 300 billion tenge (over 7 billion USD) to develop the local mining industry. The new service center established by Canaan will provide aftersales services for local customers, such as machine testing, maintenance, and technical consulting. Zhang Nangeng, CEO of Canaan, stated:

"The service center established in Kazakhstan is strategically significant in expanding the coverage of aftersales services and providing faster and more convenient contact channels for our growing international customer base."

Chinese Miners Forced to Relocate

Since the Chinese State Council's Financial Stability and Development Committee announced at the end of May to "crack down on Bitcoin mining and trading activities, resolutely prevent and control financial risks," some miners in China have gradually migrated to Central Asian countries like Kazakhstan.

According to a recent report in the tech magazine Wired, citing an anonymous source familiar with the Chinese Bitcoin mining industry, panicked miners, following the release of the Chinese policy, swiftly transported their mining machines to neighboring Kazakhstan "overnight." The anonymous source also claimed that those miners who could not relocate their facilities quickly are planning to shut down their large mining farms and continue mining in a more dispersed and inconspicuous manner.

Didar Bekbauov, founder of the cryptocurrency mining service provider Xive in Kazakhstan, mentioned that in the past two weeks, he has received inquiries every day from Chinese miners seeking to move to Kazakhstan. Didar Bekbauov stated:

"These people are waiting for further policies from the Chinese government, but they are still looking for Plan B in case the government restricts or completely bans mining in some way."

From the above situation, it appears that Canaan's establishment of an overseas aftersales service center in Kazakhstan may not be solely for serving international customers but also for catering to Chinese customers who have relocated abroad.