Canaan Inc. (NASDAQ: CAN), a crypto mining technology company, has launched a pilot mining project in Calgary, Canada, in partnership with Aurora AZ Energy Ltd. The initiative aims to convert natural gas from wellheads into cost-efficient power for high-density computing operations.
The project integrates gas extraction, power generation, and computing within a single modular system. It includes over $2 million worth of Canaan’s Avalon® A15 Pro miners and containerized data centers installed directly at gas sites. The deployment is expected to achieve about 2.5 megawatts of computing power with a 90% uptime guarantee.
By using stranded or flared gas, the project could eliminate up to 14,000 metric tons of CO₂-equivalent emissions per year. It demonstrates how localized power generation can support compute-intensive workloads while reducing environmental impact.
Canaan and Aurora plan to use this pilot to validate the scalability of off-grid computing powered by repurposed natural gas, creating a model for sustainable energy use in mining and AI data center operations.
Image: Freepik
