Core Insights - Bitcoin mining is highly power-intensive, generating significant heat, which can be utilized in other applications like greenhouse operations [1][2] - Canaan has initiated a 3 MW proof-of-concept project in Manitoba with Bitforest to recover heat from mining operations for greenhouse use [1] - The project aims for a 90% capture rate of electricity consumed, enhancing efficiency in high-density computing operations [2] Company Initiatives - Canaan is focusing on making high-density computing operations more efficient while promoting energy reuse across various applications [2] - The initial agreement for the project is set for a two-year term, indicating a commitment to long-term sustainability and efficiency [2] - The company aims to develop a replicable model for energy reuse in similar operations [2]