Japan Launches State-Linked Bitcoin Mining for Grid Stability

Japan’s foray into Bitcoin mining to stabilize its power grid has begun with the launch of a state-linked initiative. Canaan Inc., a leading firm, will deploy 4.5 MW of water-cooled ASIC miners to optimize energy and ensure grid balance. This marks Japan’s first major venture in this direction, aligning renewable energy integration with Bitcoin mining. Experts are optimistic about the project’s potential to influence BTC market dynamics and boost the country’s renewable energy sector.