$Canaan Inc(CAN.US)$According to the press release shared with Crypto Briefing, the company’s decision is motivated by the volatility in Bitcoin prices and fluctuating demand for machines. Canaan will begin with its first mining operation in Kazakhstan. The central Asian country is becoming a favoritedestinationfor Bitcoin miners amid the regulatory crackdown in China. Canaan will deploy its flagship Avalon Miner models to run the operations.
$Nikola Corp(NKLA.US)$Nikola Corp. and Wabash Valley Resources LLC will invest $50 million in cash and stock for a 20% equity interest in an Indiana clean hydrogen project, as the company aims to provide clean transportation fuels for trucking operations in the Midwest.
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