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Canaan Inc. Converts Stranded Gas to Bitcoin Power

10/14/2025

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Summary

Story summary

Canaan Inc. launched a Calgary pilot to convert stranded natural gas into Bitcoin mining power.
The project partners with Aurora AZ Energy and will deploy Avalon A15 Pro miners totaling over $2 million for 2.5 MW.
The effort could prevent 14,000 metric tons of CO2 emissions annually by capturing flared gas.
Nangeng Zhang, Chief Executive Officer of Canaan Inc., emphasized transforming wasted resources into productive energy and plans to replicate.

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Story summary

Canaan Inc. launched a Calgary pilot to convert stranded natural gas into Bitcoin mining power.
The project partners with Aurora AZ Energy and will deploy Avalon A15 Pro miners totaling over $2 million for 2.5 MW.
The effort could prevent 14,000 metric tons of CO2 emissions annually by capturing flared gas.
Nangeng Zhang, Chief Executive Officer of Canaan Inc., emphasized transforming wasted resources into productive energy and plans to replicate.