Canaan (NASDAQ: CAN) has signed a 4.5 MW contract in Japan to use its Avalon A1566HA hydro-cooled mining servers as digital load balancers for a major regional utility. The systems will stabilize grid frequency and optimize energy use by dynamically adjusting voltage and hashrate via Canaan’s proprietary smart control chips.
This marks a strategic shift from crypto mining to AI-driven energy infrastructure, targeting grid challenges created by data centers and AI workloads. CEO Nangeng Zhang said the initiative “proves Bitcoin mining can serve energy sustainability.” The project builds on a similar Netherlands deployment and fits into Japan’s evolving digital-asset reform agenda, with rollout expected by late 2025.
Source: Material-Car261