Market Analysis

Canaan launches pilot converting Bitcoin mining heat to power greenhouse heating

6 days ago

Key Takeaways

Key Takeaways

Canaan Inc., a crypto mining equipment manufacturer, launched a 3MW pilot project in Manitoba, Canada, repurposing waste heat from Bitcoin mining to heat a tomato greenhouse.

The initiative, developed in partnership with Bitforest Investment, deploys 360 liquid-cooled servers and targets 90% energy conversion to heat.

The project marks Canaan’s entry into heat recovery applications for its mining hardware in agricultural settings.

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Tags: Canaan, Crypto, equipment, launched, Manitoba, manufacturer, Mining, pilot, project, Takeaways

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