Canaan Inc. Partners with Aurora AZ Energy for Gas-to-Computing Pilot in Canada
Canaan Inc. (NASDAQ: CAN), a leader in cryptocurrency mining technology, has launched an innovative pilot project in Calgary, Alberta, in collaboration with Aurora AZ Energy Ltd. The initiative aims to repurpose flared natural gas into a cost-effective power source for high-density computing operations, targeting both environmental and economic benefits.
The project utilizes distributed natural gas resources, converting them into reliable energy for data-intensive environments. With a guaranteed 90% uptime, the deployment integrates natural gas extraction, power generation, and computing operations, featuring over $2 million worth of Avalon® A15 Pro miners. This approach significantly reduces energy costs while cutting CO2 emissions from flared gas.
