Overview
- The initiative is described as Japan’s first government-linked use of Bitcoin mining for power-grid management by a partly state-owned regional utility.
- The 4.5 MW installation uses Avalon A1566HA hydro-cooled servers whose smart-control chip adjusts frequency, hashrate and voltage in real time.
- The rigs are operated as a demand-response buffer, powering down during spikes and absorbing surplus renewable output when supply exceeds demand.
- Canaan positions the pilot as a template after smaller deployments in the Netherlands and says more grid-integrated sites are planned for 2026.
- Following the news, Canaan’s stock fell about 7%, with coverage linking the drop to sector weakness and the company’s recent at-the-market offering.