Canaan Inc. (NASDAQ: CAN), a crypto mining technology company, has launched a pilot mining project in Calgary, Canada, in partnership with Aurora AZ Energy Ltd. The initiative aims to convert natural gas from wellheads into cost-efficient power for high-density computing operations.
The project integrates gas extraction, power generation, and computing within a single modular system. It includes over $2 million worth of Canaan’s Avalon® A15 Pro miners and containerized data centers installed directly at gas sites. The deployment is expected to achieve about 2.5 megawatts of computing power with a 90% uptime guarantee.
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