Canaan’s Japan deal marks first state-linked bitcoin mining project in the country

Canaan announced a deal to supply its hydro-cooled Avalon A1566HA servers to a major, unnamed Japanese regional utility for a power grid-stability research project, marking Japan's first publicly disclosed state-linked bitcoin mining initiative. Because all 10 of Japan’s regional utilities have partial government ownership, this project is considered state-aligned mining activity, adding Japan to the list of countries mining Bitcoin with government resources. The utility plans to use the servers to stabilize regional power-grid load through controlled adjustments of hashrate and voltage, with operations expected to begin by the end of 2025. Canaan views this as part of a broader strategy to deploy grid-interactive computing solutions globally and expects similar deployments across Asia, North America, and Europe in 2026. This development aligns with Japan's ongoing digital-asset reforms.

(Source：The Block)