Canaan (CAN) Growth Momentum Strengthens Following 3.0 MW Proof-of-Concept Project Announcement

On January 6, 2026, Canaan Inc. (NASDAQ:CAN) announced a 3.0 MW proof-of-concept (PoC) task with Bitforest Investment successful Manitoba, Canada. The determination is simply a strategical measurement to monetize discarded vigor from crypto mining done cultivation applications. The 24-month aviator volition spot the institution deploy 360 Avalon A1566HA-460T liquid-cooled servers and 4 cooling modules. Meanwhile, recovered vigor volition beryllium utilized to preheat h2o for greenhouse operations. According to absorption projections, astir 90% of the energy consumed by the computing servers could perchance beryllium captured and reused, with a targeted 95% uptime.

The improvement bolsters the company’s maturation communicative by helping Canaan Inc. (NASDAQ:CAN) reposition high-density computing arsenic an energy-efficient infrastructure plus alternatively than a axenic bitcoin-mining outgo center. The project’s highlighted features see a debased all-in powerfulness outgo of $0.035 per kWh, elimination of the request for concern cooling towers, and imaginable upside done shared economics if surplus powerfulness is sold backmost to the grid. Furthermore, the task could beryllium extended successful the agelong word by replicating it crossed colder regions facing c pricing pressures.

Canaan Inc. (NASDAQ:CAN) is focused connected the improvement and merchantability of Bitcoin mining machines and related services.

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