Canaan Creative enters strategic partnership with Northern Data

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Crypto mining firm Canaan Creative has announced it has teamed up with blockchain firm Northern Data in a wide ranging strategic partnership.

According to the announcement, Canaan will work alongside Northern Data to pool resources and expertise towards developing on a number of technological and operational fronts. The cooperation will include work on artificial intelligence, blockchain development and data center optimization at scale.

NG Zhang, CEO at Canaan Creative, said the partnership would help the firm expand into new markets, as well as fostering technological advancement: “Our R&D team is collaborating with Northern Data. Both sides have achieved positive results. In addition, Northern Data will provide computational resources support for our overseas R&D in the U.S. Canaan looks forward to further cooperation in product development, AI, and high-performance computing.”

Canaan Creative is the second biggest manufacturer of crypto mining equipment in the world. Northern Data specializes in developing high power computing infrastructure, including for blockchain technologies.

Aroosh Thillainathan, CEO of Northern Data AG, said the partnership would help unlock the “massive potential” of blockchain technology.

The partnership follows on from a similar arrangement reached by Northern Data in recent weeks with SBI Crypto, a subsidiary of Japanese financial giants SBI Holdings.

It comes ahead of the firm’s plans to launch a new data center in Texas, which will power one of the world’s largest crypto mining firms, with a capacity of up to 300 megawatts.