Xiong'an Technology cooperates with Canaan Creative and plans to purchase or distribute blockchain equipment on behalf of Canaan for no more than US$150 million

According to Hexun.com, Xiong'an Technology (01647) issued an announcement that its subsidiary Xiong'an Weicheng has entered into a strategic cooperation framework agreement with Hangzhou Canaan Yunzhi Information Technology Co., Ltd. Xiong'an Weicheng intends to purchase or distribute blockchain equipment on behalf of Canaan with a total value of no more than US$150 million before December 31, 2020. Canaan will provide Xiong'an Weicheng with corresponding preferential prices and technical guidance. In addition, the two parties will cooperate to explore the development of the blockchain industry, jointly carry out research in the field of blockchain technology and applications, and cultivate industry leaders; the two parties will regularly exchange the latest developments in the blockchain industry and the phased results achieved by both parties in the industry, and discuss the development trends of the industry together.