Canaan Inc. today announced a 4.5-megawatt sales contract with an electrical engineering solutions provider to deploy Avalon A1566HA-488T hydro-cooled mining servers for real-time grid balancing and energy-efficiency optimization in Japan. The facility is led by a major regional utility.

The Avalon servers will operate continuously to help stabilize regional power-grid load through controlled overclocking and underclocking, beginning by the end of 2025.

The initiative also aligns with Japan's broader digital-asset reforms, including proposed measures to reclassify crypto assets as "financial products" under the Financial Instruments and Exchange Act (FIEA), introduce a flat 20% tax on crypto gains, expand bank participation in digital-asset services, and authorize regulated financial institutions to hold crypto assets directly.

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