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Bitcoin mining giant Canaan joins forces with blockchain titan Northern Data

Northern Data AG, a Bitcoin mining and datacenter multinational, today announced its partnership with the world’s second-largest Bitcoin mining manufacturer, Canaan Inc.

Though details of the business arrangement are sparse, the companies stated in a joint release that they will pool their resources in the “areas of Artificial Intelligence (AI) development, Blockchain Technology and Datacenter operations.” Neither firm immediately responded to Decrypt’s request for additional information.

In a statement, Canaan CEO NG Zhang complimented his new business partner’s “rich experience in building high-performance computing infrastructure," adding that Canaan’s research and development team will now be “collaborating” with Northern Data.

Its deal with Canaan is the latest in a string of big moves for Northern Data, formerly known as Northern Bitcoin prior to its merger with datacenter developer Whinstone US last year. Read More