Canaan (CAN) Wins Contract to Supply Crypto Mining Heat to Nordic District Heating Network
Bitcoin Magazine
Canaan Inc. secured a contract to supply hydro-cooled Bitcoin mining units that provide recycled thermal energy to a Nordic district heating network.Summary
Canaan Inc. (NASDAQ: CAN) has expanded into energy-integrated compute infrastructure by securing a contract to supply its Avalon A1566HA hydro-cooled mining units to a Nordic district heating system. The technology captures thermal output from Bitcoin mining to provide hot water for residential use, with the system currently providing 2 MW of capacity and expanding to 8 MW. This project aims to serve approximately 2,800 homes by utilizing dynamic load balancing to efficiently manage heating demand compared to traditional boiler systems.
(Source：Bitcoin Magazine)