Canaan launches 2.5 MW Bitcoin mining pilot project in Canada
Jinse Finance reported that Canaan has launched a 2-megawatt pilot project in Calgary, Alberta, Canada, to conduct bitcoin mining operations powered by stranded natural gas. The mining hardware manufacturer announced on Monday that it is collaborating with Calgary-based Aurora AZ Energy Ltd. to advance the deployment of this project. The project will convert natural gas that would otherwise be flared or left idle into electricity, directly powering bitcoin mining operations at the oil and gas wellhead. This 2.5-megawatt offsite location will deploy 700 units of Canaan’s latest Avalon A15 Pro miners—valued at over $2 million—and will also be equipped with containerized data modules.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LIGHT crashed early this morning, with a 24-hour drop of over 70%
「Buddy」 took profit on the ZEC long position and restarted by going long on BTC
LIGHT crashes, ranking first in contract liquidations across the network in the past 4 hours
LIGHT Flash Crash Results in Largest Overall Liquidation in Almost 4 Hours
Trending news
MoreCrypto prices
More
