Canaan Inc. announced a 4.50 trillion-watt contract in Japan to deploy its Avalon liquid-cooled bitcoin mining machine for real-time grid peaking and energy optimization The project is led by a large local utility company, and the relevant facilities will use Canaan's intelligent control chips to dynamically adjust voltage, frequency and computing power to help the power grid operate stably. It is expected that by the end of 2025, the project will also achieve energy efficiency improvement.