Canaan Inc. Secures Major Bitcoin Mining Contract in Japan

Canaan Inc., a leading provider of mining equipment, has secured a major contract for deploying its Avalon water-cooled Bitcoin mining machines in Japan. This 4.5MW project aims to support real-time grid balancing and optimize energy consumption through dynamic control.
The initiative is led by a prominent regional utility company. They will utilize Canaan’s intelligent control chips to dynamically adjust voltage, frequency, and computing power. This approach promises to stabilize the grid and improve efficiency. The project is anticipated to be completed by the end of 2025.