Canaan Inc. (CAN), one of many modern mining and knowledge heart firms, rallied to a six-month excessive. The corporate introduced a 2.5MW capability for a brand new mining heart in Canada, utilizing extra fuel flares for crypto mining.
Canaan, Inc. (CAN) launched a pilot program for mining crypto utilizing extra pure fuel flares for vitality. The corporate will construct a 2.5MW knowledge heart, appropriate for 700 Avalon A15Pro miners. The info heart will purpose for 90% uptime whereas using extra pure fuel.
Canaan hopes to make use of the surplus vitality for further duties, switching between mining and AI computation. Canaan will companion with Calgary-based Aurora AZ Vitality Ltd.
Large milestone for Canaan!
We’ve formally launched a gas-to-compute pilot in Calgary, Canada — turning stranded & flared fuel into clear vitality for Bitcoin mining and AI computing.
– 700 Avalon A15 Professional miners
– 2.5MW capability
– 12–14K tons CO₂ diminished yearly
– 90% uptime…— Canaan Inc. (@canaanio) October 13, 2025
Fuel flares are one of many much less frequent sources of vitality for BTC mining. Canaan Mining will ship the gear on to fuel wellheads, instantly changing the fuel to electrical energy at beneath trade prices.
“By integrating localized pure fuel era with our modular computing methods, we’re remodeling beforehand wasted assets into productive vitality,” mentioned Canaan CEO Nangeng Zhang within the announcement.
The surplus electrical energy shall be both used for mining or computation, or bought to the grid throughout knowledge heart downtimes.
Canaan’s shares unfazed by tariff speak
Canaan Mining has proven its adaptability to diversified market situations. CAN shares have traded because the firm’s IPO in 2019, permitting the corporate a footprint within the USA. As Cryptopolitan reported, Canaan Mining has been profitable in securing revenues from rig gross sales and direct mining.
The mining firm achieves 9.3 EH/s as of September. Moreover, the corporate bought greater than 50K A15 Professional models to a US-based agency, regardless of earlier tariffs on merchandise or parts from China.
Canaan Mining is ranked within the high 15 of firms combining mining, knowledge facilities, and extra BTC treasuries. The corporate has been the runner-up to ASIC manufacturing, nonetheless claiming reputation with its Avalaon model. Canaan was additionally the producer of the primary ASIC chips, which introduced BTC mining to a brand new aggressive period.
CAN shares rally to a six-month excessive
CAN shares expanded on the information of profitable mining and treasury progress. CAN expanded to $1.42, returning to ranges not seen since February.
CAN rallied to a six-month excessive, following the information of a brand new partnership for fuel flare mining. CAN additionally recovered together with different mining shares, as the specter of one other commerce warfare with China dissipated. | Supply: Yahoo Finance
Canaan shares rose by over 28%, increasing quicker in comparison with different mining firms with further reserve narratives.
The mining rig producer didn’t profit immediately from the treasury firm frenzy, because of its give attention to mining. Canaan is just not a ‘playbook’ firm and doesn’t search further BTC purchases. Nonetheless, Canaan nonetheless has the thirty ninth largest BTC treasury, with 1,547 BTC accrued as of October 2025.
CAN additionally adopted the final development of main mining firms, increasing by over 10% on common prior to now day. Different mining shares rallied throughout the board, recovering quickly after the diminishing likelihood of one other commerce warfare with China.
Over the previous months, BTC mining continued to increase, with new knowledge facilities created, regardless of the looming worry of tariffs on parts or ASIC rigs.
