– Canaan Inc. Launches Pilot Project Converting Flared Gas into Electricity – Collaboration with Aurora AZ Energy to Power Bitcoin Mining Operations – Deployment Includes $2 Million Worth of Avalon A15 Pro Miners – Expected to Eliminate 12,000 to 14,000 Metric Tons of CO₂ Annually – Project Anticipates 2.5 Megawatts of Generation Capacity at Wellhead – Success Could Lead to $350 Billion Investment in AI by 2025

Canaan Inc. has launched a pilot mining project in Calgary, Alberta, using flared natural gas to power high-density computing. This initiative addresses environmental concerns in Bitcoin mining and data centers.

  • The project is in collaboration with Aurora AZ Energy Ltd., focusing on converting wellhead gas into cost-efficient electricity for computing operations.
  • Canaan guarantees 90% uptime, excluding extreme weather or scheduled maintenance periods.
  • Over $2 million worth of Avalon A15 Pro miners will be deployed, installed directly at gas well sites.
  • Aurora's system converts stranded or flared gas into electricity, offering below-average industry rates and an option to sell excess power back to the grid.

The project is expected to reduce CO₂ emissions by 12,000 to 14,000 metric tons annually by utilizing gas that would otherwise be burned off. Approximately 700 Avalon A15 Pro units will be deployed, with a generation capacity of about 2.5 megawatts.

If successful, Canaan anticipates investing approximately $350 billion by 2025 in AI rollout, enhancing energy-efficient infrastructure. The pilot aims to serve as a model for global expansion of computing applications tied to sustainable energy practices.

Announcement of the program pilot in the Telegram group of Canaan