Japan has begun mining Bitcoin through a project that connects its power grid to Canaan’s specialized mining machines. A major Japanese utility will use them to balance electricity demand by adjusting its activities to match the available renewable energy supply. 🌍⚡
Because the utility is partly government-owned, it is one of the few nations where the state participates in Bitcoin mining. A most ingenious way to balance the books, one might say. 🤷♂️
Canaan Rebounds With Grid Partnership
Bitcoin mining hardware maker Canaan will deploy a 4.5-megawatt project using its Avalon hydro-cooled machines to help a Japanese regional utility manage power-grid fluctuations. A true marriage of tech and tea ceremonies. 🍵
The deal uses Avalon rigs to balance Japan’s power grid by shutting off during peak demand and restarting when excess renewable energy is available. This helps the utility manage fluctuations and use surplus green power more efficiently. A most efficient way to burn through electrons. 💸
Canaan (NASDAQ: $CAN) secures a 4.5 MW contract in Japan 🇯🇵
Our Avalon® A1566HA hydro-cooled servers will help a major utility stabilize the power grid using smart-chip control for real-time energy optimization ⚡
Bitcoin mining → Energy innovation 🌍
🔗…
– Canaan Inc. (@canaanio) October 30, 2025
It also follows a turbulent stretch for Canaan, which recently avoided being delisted from Nasdaq. The company then secured its largest-ever miner order, signaling renewed growth. A tale of two coins, one of which is definitely not a penny. 🪙
Though modest in scale, the project is symbolically significant as Japan’s first government-linked crypto mining effort. A small step for a nation, a giant leap for the blockchain. 🚀
Japan Blends Energy Policy With Bitcoin Mining
Japan’s power sector is dominated by ten regional utilities, all of which have some degree of government ownership and oversight. This makes the new mining project part of state-linked infrastructure, signaling a shift from private Bitcoin mining to public-sector involvement. A most bureaucratic way to chase digital gold. 🏛️
While rumors have circulated for years that TEPCO (9501 JP) was quietly mining Bitcoin, no confirmation ever surfaced.
Now, with $CAN’s 4.5 MW order from a “major regional utility” in Japan, we’re finally adding Japan to our list of countries mining Bitcoin with government…
– matthew sigel, recovering CFA (@matthew_sigel) October 31, 2025
The initiative aligns with Japan’s digital-asset reforms to reclassify cryptocurrencies, simplify tax regulations, and expand regulated institutional participation. A most orderly approach to chaos. 📜
The move also makes Japan one of the few advanced economies where the state indirectly backs Bitcoin mining. A rare feat, akin to finding a needle in a blockchain. 🧵
From Criticism to Innovation
Japan’s entry into Bitcoin mining could reshape global perceptions of the industry. By utilizing mining rigs to harness excess renewable energy, Japan’s model counters criticisms that Bitcoin is environmentally harmful. A most eco-friendly way to burn through electricity. 🌱
Furthermore, Canaan plans to expand similar projects across Asia, Europe, and North America, positioning Japan as a test case for sustainable, utility-integrated mining. A bold move, though one wonders if the utilities are mining for profit or just to pass the time. 🕰️
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2025-10-31 21:32