Canaan Inc. Wins 4.5 MW Mining Server Contract Supporting Japan's Power Grid Stability
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: PR Newswire
Hydro-cooled Avalon® A1566HA servers deployed at major Japanese utility Project underscores Canaan's ability to support grid efficiency amid rising residential and data-center power demand SINGAPORE, Oct. 30, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced a 4.5-megawatt sales contract with an electrical engineering solutions provider to deploy Avalon A1566HA-488T hydro-cooled mining servers for real-time grid balancing and energy-efficiency optimization in Japan. The facility is led by a major regional utility. The Avalon servers will operate continuously to help stabilize regional power-grid load through controlled overclocking and underclocking, beginning by the end of 2025. Powered by Canaan's self-developed smart control chip, the system dynamically adjusts frequency, voltage
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News
- Bitcoin mining in China rebounds, defying 2021 ban [BNN Bloomberg (Canada)]BNN Bloomberg
- Canaan (NASDAQ:CAN) had its price target lowered by analysts at B. Riley from $3.00 to $2.50. They now have a "buy" rating on the stock.MarketBeat
- Canaan (NASDAQ:CAN) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $4.00 price target on the stock.MarketBeat
- Canaan Inc. (CAN) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Canaan Inc (CAN) Q3 2025 Earnings Call Highlights: Record Revenue and Mining Milestones Amid ... [Yahoo! Finance]Yahoo! Finance
CAN
Earnings
- 11/18/25 - Beat
CAN
Sec Filings
- 11/18/25 - Form 6-K
- 11/12/25 - Form 6-K
- 11/7/25 - Form 6-K
- CAN's page on the SEC website