Canaan Inc. Launches Gas-to-Computing Pilot in Canada to Reduce CO₂ Emissions by Up to 14,000 Metric Tons Annually

Reuters

Oct 13

Canaan Inc. Launches Gas-to-Computing Pilot in Canada to Reduce CO₂ Emissions by Up to 14,000 Metric Tons Annually

Canaan Inc. announced the launch of a pilot project in Calgary, Alberta, Canada, in partnership with Aurora AZ Energy Ltd. The initiative aims to convert flared natural gas into low-cost power for high-density computing applications, including bitcoin mining and AI workloads. The project utilizes modular computing systems and containerized data modules installed directly at wellheads. Canaan expects the project to reduce annual CO₂-equivalent emissions by approximately 12,000 to 14,000 metric tons. The company is guaranteed 90% uptime for its operations, with certain exemptions. The project also allows for participation in demand-response programs by selling excess power back to the grid.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN95920) on October 13, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Launches Gas-to-Computing Pilot in Canada to Reduce CO₂ Emissions by Up to 14,000 Metric Tons Annually","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Launches Gas-to-Computing Pilot in Canada to Reduce CO₂ Emissions by Up to 14,000 Metric Tons Annually\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. announced the launch of a pilot project in Calgary, Alberta, Canada, in partnership with Aurora AZ <a href=\"https://laohu8.com/S/92E.AU\">Energy Ltd</a>. The initiative aims to convert flared natural gas into low-cost power for high-density computing applications, including bitcoin mining and AI workloads. The project utilizes modular computing systems and containerized data modules installed directly at wellheads. 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