Canaan Inc. announced a new 4.5-megawatt (MW) mining server contract this week aimed at enhancing Japan’s electric grid stability, according to an official company release.
The project, developed in collaboration with Atlas Technology Group, will utilize Canaan’s advanced Avalon mining servers to provide flexible load balancing. This initiative aligns with Japan’s ongoing efforts to integrate renewable energy and stabilize its grid amid rising electricity demand. Canaan emphasized that its mining systems can serve as dynamic power resources, automatically adjusting consumption to help balance grid fluctuations.
The 4.5 MW supply marks a strategic step for Canaan as it expands its footprint in Asia’s energy-infrastructure sector. The company stated it will continue exploring partnerships that position cryptocurrency mining as a sustainable tool for energy optimization. Further updates on operational timelines and site details are expected in upcoming announcements.
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