According to Foresight News, Canaan Technology and Xinhuo Technology have entered into a strategic partnership and signed a Memorandum of Understanding (MOU) to collaborate in various aspects of the Bitcoin ecosystem, including virtual asset mining and custody. In addition, the two companies plan to cooperate in areas such as market promotion, technical docking, and customer service. They also intend to establish a cooperative mechanism to provide customized, comprehensive, and one-stop solutions based on customer needs, catering to a diverse range of clients and expanding their potential customer base.