Canaan Inc. (NASDAQ: CAN) announced a partnership with Bitforest Investment to launch a 3.0 MW proof-of-concept project in Manitoba, Canada. This 24-month pilot project will deploy 360 liquid-cooled servers, aiming to utilize mining waste heat to power greenhouse operations. Management expects the server power recovery rate to reach 90%, with a target of 95% uptime and an integrated electricity cost of $0.035 per kWh.
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Canaan Inc. (NASDAQ: CAN) announced a partnership with Bitforest Investment to launch a 3.0 MW proof-of-concept project in Manitoba, Canada. This 24-month pilot project will deploy 360 liquid-cooled servers, aiming to utilize mining waste heat to power greenhouse operations. Management expects the server power recovery rate to reach 90%, with a target of 95% uptime and an integrated electricity cost of $0.035 per kWh.