On Oct 13 2025, Canaan Inc. announced the launch of a pilot mining project in Calgary, Alberta, in partnership with Aurora AZ Energy Ltd. The joint venture will convert wellhead natural gas—normally flared—into low‑cost power for high‑density computing, with Canaan guaranteeing 90 % uptime for the operation.
The pilot will deploy 700 Avalon A15 Pro miners, representing a $2 million investment, and is expected to deliver approximately 2.5 MW of computing capacity directly at the wellhead. The project is projected to eliminate 12,000–14,000 metric tons of CO₂‑equivalent emissions each year, demonstrating a significant environmental benefit alongside cost savings for mining operations.
By leveraging stranded gas resources, Canaan creates an off‑grid, self‑sustaining power solution that reduces reliance on conventional electricity and lowers operating costs for its mining hardware. The initiative also positions the company to offer a scalable, repeatable model for other mining and high‑density computing sites, potentially expanding its market reach beyond traditional data center power sources.
The partnership underscores Canaan’s commitment to integrating renewable energy with its vertically integrated mining ecosystem, and the successful demonstration could pave the way for broader adoption of gas‑to‑computing solutions in the cryptocurrency and AI sectors.
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