Canaan Inc. announced on Oct. 30 a 4.5-megawatt sales contract to deploy its Avalon A1566HA hydro-cooled mining servers for real-time grid balancing in Japan. The Bitcoin mining hardware manufacturer will provide equipment to support power-grid stabilization for a regional utility. An electrical engineering solutions provider contracted with Canaan to operate the mining servers, which will help manage load fluctuations at a facility led by a major Japanese utility, according to a company statement. The de ...