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    Home»Mining
    Mining

    Canaan Launches Gas-to-Computing Pilot in Canada

    News RoomBy News Room1 week agoNo Comments1 Min Read
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    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 AvalonĀ® 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.

    By using stranded or flared gas, the project could eliminate up to 14,000 metric tons of COā‚‚-equivalent emissions per year. It demonstrates how localized power generation can support compute-intensive workloads while reducing environmental impact.

    Canaan and Aurora plan to use this pilot to validate the scalability of off-grid computing powered by repurposed natural gas, creating a model for sustainable energy use in mining and AI data center operations.

    Image: Freepik

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    News Room is the editorial team behind BlockedCubed, delivering timely news and insights on cryptocurrency, blockchain, and digital finance. Dedicated to clarity and accuracy, the team covers global trends shaping the future of crypto.

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