Canaan Wins 4.5 MW Japan Contract for Mining-Powered Grid Balancing

Group 1 - Canaan Inc. has secured a 4.5-megawatt sales contract to deploy its Avalon A1566HA hydro-cooled mining servers in Japan for real-time grid balancing [1][2] - The deployment is set to begin by the end of 2025, with the servers helping to manage load fluctuations for a major Japanese utility [2] - Each Avalon server delivers between 480 to 500 terahashes per second, consumes 8,064 watts, and operates at an efficiency of 16.8 joules per terahash [3] Group 2 - Canaan's intelligent control chip allows the mining servers to adjust frequency, voltage, and hashrate, functioning as a digital load balancer [4] - The project builds on a previous initiative in the Netherlands, highlighting the increasing pressure on national power systems due to rising residential power consumption and AI computing [5] - The initiative aligns with Japan's evolving digital asset regulations, which may reclassify crypto assets as financial products [6][7] Group 3 - Canaan is also involved in energy-focused initiatives, such as converting flared gas into electricity for mining operations, amidst competition from AI infrastructure [8]