Canaan will supply 4.5 megawatts (MW) of water-cooled Bitcoin mining ASICs to a Japanese electrical engineering company for a grid stability pilot project. The equipment is Canaan's Avalon A1566HA 488T units, designed for real-time grid balancing and energy efficiency optimization. The Japanese partner was not named. The project is designed as an energy use case and not only an extension of mining.
How the Bitcoin mining rigs will balance the networkCanaan connects Japan with previous Dutch projects
The mining site stays online but doesn’t operate at a hard and fast power level. Instead, it acts as a controllable load that may be adjusted by network operators. This allows the energy system to make use of Bitcoin mining as a tool as supply and demand changes throughout the day.
Canaan said the goal is to indicate that Bitcoin mining can run repeatedly and still meet power availability on Japan's regional grids.
How Bitcoin mining rigs will balance the network
Deployment uses Canaan's proprietary control system to alter frequency, voltage and hashrate. When the network has excess power, the system can overclock the ASICs. If demand increases, they may be underclocked. This keeps the miners lively and at the identical time reduces or increases consumption.
This model is suitable for real-time grid balancing, where operators must maintain frequency and voltage inside protected ranges. The increasing share of renewable energy in Japan and the uneven consumption result in short periods of surplus and short periods of supply shortage. A quick, digital load like Bitcoin mining can respond without starting a brand new generation.
The water-cooled design helps ensure equipment stays stable because the system changes power consumption, which is required for twenty-four/7 operation in an energy environment.
Canaan Wins 4.5 MW Bitcoin Mining Contract to Support Japanese Grid Stability. Source: Canaan Inc. (PR Newswire)
Canaan connects Japan with an earlier Dutch project
Canaan Chairman and CEO Nangeng Zhang said the Japanese work “builds on an analogous initiative we supported within the Netherlands last 12 months.” He added that “utilities can use Bitcoin mining as a digital load balancer, improving each energy sustainability and grid efficiency.” The statement reveals that Canaan offers mining hardware as demand response infrastructure.
By providing each the Avalon A1566HA 488T units and the control layer, Canaan turns a typical mining setup right into a network-side Bitcoin mining asset that may reply to power signals.
The report noted that Bitcoin mining is already getting used in other markets for load balancing. A January report from the Digital Assets Research Institute said mining activity had helped Texas' power grid and will have saved the state as much as $18 billion by eliminating the necessity for gas peaking facilities. Earlier this week, Brazilian solar producer Thopen announced that it’s exploring Bitcoin mining to soak up excess energy from renewables.
