Chinese tech company Canaan Creative has chosen Boden in northern Sweden for their establishment and expansion into Europe and Vattenfall as energy supplier. Technological development, climate smart energy in abundance and the lowered tax rates were the main reasons to Canaan’s establishment.
Canaan is a world-leading producer of blockchain solutions and ASIC microprocessors – and the first Chinese company within the sector to open a data center in Europe. Vattenfall is the chosen energy supplier and initially, the data center will operate at roughly 10 MW. The site will be up and running already in February.
“In Sweden we have a unique and stable energy system for industries such as data centers that are energy intensive and want sustainable energy solutions. We hope over time to attract more energy intensive industries to Sweden as this also means more working opportunities and a lower carbon footprint. The fact that Canaan Creative selected us shows that we are on the right track,” says Mattias Tingvall, Head of Business Development at Vattenfall.
N.G. Zhang, CEO and co-founder of Canaan Creative says:
“Canaan Creative are expanding to Europe to continue developing blockchain technology for new markets and applications. We came to the conclusion that Boden is the best location for us to drive blockchain technology to the next level.”
The recently lowered tax rates for energy intensive companies, reliable power grids, natural cooling and the access to renewable energy are a few of the reasons to Canaana Creative´s choice of Sweden. Boden Business Agency has worked intensively to position Boden as a leading cluster for blockchain and HPC (High Performance Computing) technology.
During autumn 2016, Vattenfall together with Skellefteå Kraft acquired The Node Pole Alliance that is dedicated to supporting data centers and high tech industry establishment in the North of Sweden.
Patrik Öhlund, CEO of The Node Pole comments:
“We now see companies increasingly looking toward specialized clusters. On the one hand to cloudify their infrastructure and on the other hand to compete in the European market. Canaan Creative and Boden are a perfect fit and we wish them a warm welcome to The Node Pole.”
About Canaan Creative:
Founded in 2013, Canaan (Canaan Creative) is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions. Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the Avalon Blockchain ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors. With the efforts of its highly skilled development team, Canaan strives to bring in new thoughts to the area of advanced technology ASIC processors and beyond. www.canaan.io
More information, contact:
Vattenfall’s Press Office, telephone: +46-(0) 8 739 50 10, e-mail: email@example.com