Canaan rallies to a six-month high amid its new Bitcoin gas-to-compute data center

Canaan Inc. (CAN), one of the innovative mining and data center companies, rallied to a six-month ￰0￱ company announced a 2.5MW capacity for a new mining center in Canada, using excess gas flares for crypto mining. Canaan, Inc. (CAN) launched a pilot program for mining crypto using excess natural gas flares for ￰1￱ company will build a 2.5MW data center, suitable for 700 Avalon A15Pro ￰2￱ data center will aim for 90% uptime while utilizing excess natural ￰3￱ hopes to use the excess energy for extra tasks, switching between mining and AI ￰4￱ will partner with Calgary-based Aurora AZ Energy ￰5￱ milestone for Canaan!

We’ve officially launched a gas-to-compute pilot in Calgary, Canada — turning stranded & flared gas into clean energy for Bitcoin mining and AI computing. – 700 Avalon A15 Pro miners – 2.5MW capacity – 12–14K tons CO₂ reduced annually – 90% uptime… — Canaan Inc. (@canaanio) October 13, 2025 Gas flares are one of the less common sources of energy for BTC ￰6￱ Mining will deliver the equipment directly to gas wellheads, immediately converting the gas to electricity at below industry costs. “ By integrating localized natural gas generation with our modular computing systems, we are transforming previously wasted resources into productive energy,” said Canaan CEO Nangeng Zhang in the ￰7￱ excess electricity will be either used for mining or computation, or sold to the grid during data center downtimes.

Canaan’s shares unfazed by tariff talk Canaan Mining has shown its adaptability to varied market ￰8￱ shares have traded since the company’s IPO in 2019, allowing the company a footprint in the ￰9￱ Cryptopolitan reported, Canaan Mining has been successful in securing revenues from rig sales and direct ￰10￱ mining company achieves 9.3 EH/s as of September. Additionally, the company sold more than 50K A15 Pro units to a US-based firm, despite previous tariffs on products or components from ￰11￱ Mining is ranked in the top 15 of companies combining mining, data centers, and additional BTC ￰12￱ company has been the runner-up to ASIC production, still claiming popularity with its Avalaon ￰13￱ was also the producer of the first ASIC chips, which brought BTC mining to a new competitive ￰14￱ shares rally to a six-month high CAN shares expanded on the news of successful mining and treasury ￰15￱ expanded to $1.42, returning to levels not seen since ￰16￱ rallied to a six-month high, following the news of a new partnership for gas flare ￰17￱ also recovered along with other mining stocks, as the threat of another trade war with China dissipated. |