Chinese Bitcoin (BTC) mining equipment manufacturer Canaan has signed a contract to supply 4.5 megawatts (MW) of mining ASICs (Specialized Mining Integrated Circuits) to Japan's power grid stabilization project. This agreement aligns with the growing interest in cryptocurrency mining technology as a means of balancing power supply and demand.
For this project, Canon announced that it will be supplying its new liquid-cooled miner, the Avalon A1566HA-488T, aimed at real-time grid load control and energy efficiency optimization. The device is designed to automatically adjust clock frequency, voltage, and hash rate, flexibly responding to power supply and demand. Canon also controlled the miner's overclocking and underclocking to ensure a stable load on the local power grid.
"With miners equipped with this system, power companies can leverage Bitcoin mining as a 'digital load balancer,'" said Nangeng Zhang, CEO of Canaan. "This will simultaneously improve energy sustainability and grid efficiency." He added that the Japanese project is an extension of a similar initiative launched in the Netherlands last year.
Grid balancing is a technology that adjusts imbalances between power generation and consumption in real time to maintain frequency and voltage within normal ranges. Demand for network stabilization is steadily increasing, particularly as the volatility of renewable energy generation, such as wind and solar power, increases. Within this context, the mining industry is gaining attention as a "controllable demand" capable of rapidly increasing and decreasing electricity demand.
Recently, Brazilian solar power company Thopen announced that it was exploring the possibility of entering Bitcoin mining to utilize its excess electricity, and the Digital Asset Research Institute reported earlier this year that “Bitcoin mining could save Texas’ power grid up to $18 billion (approximately 2.43 trillion won).”
This Japanese case is noteworthy because it demonstrates that cryptocurrency mining technology is transforming beyond a simple profit-generating tool to become a vital part of energy infrastructure. Amidst the ever-changing supply and demand landscape, the mining industry is once again gaining traction.
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