News

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.

Foresight News: According to an announcement from the Hong Kong Stock Exchange, Star Chain Group Limited has issued a notice stating that on October 13, 2025, it signed a memorandum of understanding with the Starcoin Foundation, planning to issue Starcoin tokens. Shareholders will receive one Starcoin token for every ten existing shares of the company held on the record date. The goal of this token issuance is to establish a blockchain-based investment banking system focused on the on-chain issuance and compliance of physical assets, aiming to reshape traditional financial business processes. The token will be deployed on the Conflux eSpace public blockchain. The announcement notes that this token issuance is still subject to further negotiation and is not legally binding.