Canaan launches innovative natural gas mining pilot project in Canada, expected to reduce annual carbon dioxide emissions by approximately 14,000 tons

Foresight News reported that Canaan announced the signing of a joint mining agreement with Calgary-based energy infrastructure company Aurora AZ Energy Ltd. to launch a pilot mining project in Calgary, Alberta, Canada. The project aims to convert distributed natural gas resources (such as wellhead gas) into reliable, low-cost electricity required for high-density computing environments, with an expected annual reduction of approximately 12,000 to 14,000 metric tons of carbon dioxide equivalent emissions. The project deployment will include over $2 million worth of Avalon® A15 Pro miners and containerized data modules, installed directly at the wellhead. Canaan expects the deployment of 700 Avalon A15 Pro miners to provide approximately 2.5 megawatts of computing power.