Canaan Inc. Wins 4.5 MW Mining Server Contract in Japan

Canaan Inc. (NASDAQ: CAN) has secured a 4.5-megawatt sales contract to deploy its Avalon A1566HA-488T hydro-cooled mining servers in Japan. These servers will be used for real-time grid balancing and energy-efficiency optimization, supporting Japan's power grid stability. The project, led by a major regional utility, will begin operations by the end of 2025. The Avalon servers, powered by Canaan’s self-developed smart control chip, dynamically adjust frequency, voltage, and hashrate to respond to grid fluctuations, enhancing grid reliability. This initiative aligns with Japan’s broader digital-asset reforms and highlights Canaan’s role in integrating AI infrastructure, renewable energy, and blockchain computing.