Canaan, a leading cryptocurrency mining hardware manufacturer, has initiated a pilot Bitcoin mining project in Calgary, Canada, utilizing hard-to-access natural gas as a power source. The 2.5 MW facility is equipped with 700 Avalon A15 Pro miners, representing a $2 million investment in modular, self-contained mining infrastructure.
The project is a collaboration with Aurora AZ Energy Ltd and focuses on harnessing stranded or flared gas from wells to generate electricity on-site. This approach not only provides a sustainable energy solution but also enhances the energy independence of the mining operation while reducing its carbon footprint.
According to Canaan, the facility delivers up to 90% uptime with electricity costs below market rates. CEO Nangen Zhang emphasized that integrating localized gas power with modular computing systems transforms previously wasted energy into productive hash power.
The Calgary pilot is part of Canaan’s broader strategy to expand its mining capabilities. By September 2025, the company had increased its total hash rate to 9.3 EH/s and secured contracts for over 50,000 Avalon A15 Pro units. Earlier this year, Canaan raised $200 million through a Series A-1 preferred stock issuance to fund further expansion.
Canaan and its partners plan to replicate this model in other regions with stranded gas resources and limited access to centralized power grids. The initiative reflects growing demand for localized, energy-efficient solutions in cryptocurrency mining and AI infrastructure.
