Canaan Technology Teams Up with SynVista Energy for Sustainable Bitcoin Mining

Cryptocurrency mining firm Canaan Technology (CAN) has formed a strategic partnership with SynVista Energy to develop a green Bitcoin mining solution. The collaboration focuses on leveraging renewable energy and energy storage for more efficient and sustainable operation. This initiative employs a distributed architecture and an intelligent power scheduling system, enabling dynamic coordination between energy supply and computing resources. Further, the partnership aims to integrate key metrics like power generation, carbon reduction, and revenue from computing power onto the blockchain for transparency and accountability.