Canaan Inc. has secured a 4.5-megawatt contract to supply its Avalon A1566HA hydro-cooled mining servers for real-time electric grid balancing in Japan, in partnership with a major Japanese utility and an electrical engineering solutions provider. The deployment, scheduled to begin by the end of 2025, will use Bitcoin mining hardware to manage load fluctuations and enhance grid resilience through controlled overclocking and underclocking.
Each server unit delivers 480 to 500 terahashes per second with a power consumption of 8,064 watts and operates at an efficiency of 16.8 joules per terahash. Canaan's intelligent control chip enables the system to adjust frequency, voltage, and hashrate using feedback algorithms, functioning as a digital load balancer. CEO Nangeng Zhang stated, "Residential power consumption, AI computing, and high-density data centers are placing increasing pressure on national power systems across Asia, North America, and Europe."
The project aligns with Japan's evolving crypto policies, including proposed reforms to reclassify crypto assets as financial products and introduce a flat 20% tax on gains. It builds on Canaan's previous grid stabilization initiatives in the Netherlands and other energy-focused projects, such as a flared gas conversion effort in Calgary.
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