Canaan (CAN) announced a 4.5 MW sales contract with an electrical engineering solutions provider to deploy Avalon A1566HA-488T hydro-cooled mining servers for real-time grid balancing and energy-efficiency optimization in Japan. The facility is led by a major regional utility. The Avalon servers will operate continuously to help stabilize regional power-grid load through controlled overclocking and underclocking, beginning by the end of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAN:
- Canaan Launches Advanced Avalon A16 Bitcoin Miner at Dubai Summit
- Canaan Inc. Launches $270 Million ATM Program for North American Expansion
- Crypto Currents: Coinbase acquires capital raising platform Echo
- Crypto Currents: Trump pardons Binance founder
- Canaan price target raised to $4 from $2 at Benchmark