Jia Nan Technology will temporarily shut down its 2.0 Exahash/s mining power due to compliance issues related to Kazakhstan

ChainCacther message: According to the effective regulations on digital mining activity permits in Kazakhstan, Canaan Technology has decided to temporarily shut down its mining power of approximately 2.0 Exahash/s since July 2023.

To resume mining operations after obtaining approval, the company needs to acquire a Class II mining license from the mining machine owners. However, before the company can complete the license application, it must wait for one of its local partners to obtain a Class I license for mining infrastructure holders. Currently, this local partner has applied for the license, but its application is still pending.