Summary
- Canaan said it will supply Bitcoin miners at a scale of 4.5 megawatts to a Japanese grid stabilization project.
- The new water-cooled miner Avalon A1566HA-488T reportedly adjusts real-time power consumption through overclocking and underclocking functions.
- Canaan explained that the system can improve power companies' energy sustainability and grid efficiency.
Bitcoin miner manufacturer Canaan will supply water-cooled miners with a capacity of 4.5 megawatts (MW) to a Japanese power grid stabilization project.
According to Cointelegraph on the 31st (local time), Canaan has signed a contract with a Japanese electrical engineering solutions company to supply ASIC equipment for Bitcoin mining aimed at real-time grid balancing and energy efficiency optimization. The project will deploy Canaan's new water-cooled miner 'Avalon A1566HA-488T'.
Canaan explained, "This mining system adjusts power consumption in real time and serves to stabilize local grid load." The equipment automatically adjusts frequency, voltage, and hashrate according to power supply and demand through overclocking and underclocking functions.
Changpeng Zhang, chairman of Canaan, said, "By using this system, power companies can utilize Bitcoin mining as a 'digital load balancer' to simultaneously improve energy sustainability and grid efficiency."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
