Canaan (CAN) Wins Contract To Supply Crypto Mining Heat To Nordic District Heating Network

Bitcoin Magazine Editorial

(03:22 PM UTC)

1 min read

Canaan Inc. (NASDAQ: CAN), the Bitcoin mining equipment manufacturer, has secured a contract to provide heat-recovery computing infrastructure to a district heating network in the Nordic region, the company announced today.

The deal centers on Canaan’s Avalon A1566HA hydro-cooled mining units, which capture thermal output from Bitcoin mining operations and redirect it as hot water into…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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