Canaan Inc. Wins 4.5 MW Mining Server Contract Supporting Japan's Power Grid Stability

Core Insights - Canaan Inc. has secured a 4.5-megawatt sales contract to deploy Avalon A1566HA-488T hydro-cooled mining servers in Japan, aimed at enhancing grid efficiency amidst increasing power demand [1][2] - The Avalon servers will utilize advanced feedback algorithms to dynamically adjust operational parameters, thereby stabilizing the regional power grid [2] - This initiative aligns with Japan's digital-asset reforms, which include reclassifying crypto assets and introducing a flat tax on crypto gains [3] Company Overview - Canaan Inc. specializes in ASIC high-performance computing chip design and has been a pioneer in the crypto mining industry since its establishment in 2013 [5] - The company has a history of innovation, having shipped the world's first batch of ASIC mining machines under the Avalon brand [5] - Canaan's leadership emphasizes the growing demand for energy-efficient solutions in response to pressures from residential and data-center energy consumption [4]