Japan Launches State-Backed Bitcoin Mining Operation

Japan has taken a significant step towards integrating Bitcoin into its national grid with the launch of a state-backed mining operation. The initiative, facilitated by Canaan and a government-linked utility, represents the country’s eleventh state-supported Bitcoin mining project globally. This 4.5-megawatt operation signifies Japan’s commitment to leveraging renewable energy for cryptocurrency mining. Notably, it marks a groundbreaking development in integrating Bitcoin mining technology into national grids.