Overview

• Canaan and Calgary-based Aurora AZ Energy will deploy roughly $2 million in Avalon A15 Pro miners housed in modular units at natural gas wellheads.
• The installation targets about 2.5 megawatts of capacity across 700 Avalon A15 Pro units with a 90% uptime guarantee.
• Company materials estimate 12,000 to 14,000 metric tons of CO₂-equivalent emissions avoided annually by using gas that would otherwise be flared, with provisions to sell excess power back to the grid during curtailments.
• Canaan’s stock closed at $1.52 on Monday, up more than 40%, as trading volume reached roughly 72.3 million shares—over double its recent average.
• Independent verification of the pilot’s emissions, uptime and cost performance has not yet been released, though Canaan positions the setup for both bitcoin mining and high‑performance computing.