Hardware manufacturer Canaan is significantly expanding its presence in sustainable bitcoin mining. The company has announced a partnership with energy provider SynVista Energy to develop a new platform that will allow bitcoin mining powered by renewable sources, with mining output automatically adjusting to the amount of available energy. The entire system will be managed by artificial intelligence, which will determine in real time how much green electricity is accessible.

Mining that reacts to weather and power output

The system will increase mining performance when renewable sources – such as wind or solar farms – generate excess electricity. In periods of lower production, the hash rate will automatically decrease. The AI will ensure optimal use of clean energy without putting grid stability at risk.

Canaan sees the project as a move from small pilots to a scalable solution deployable across different locations. According to the company, it addresses a persistent challenge of renewables: fluctuating output that often leads to electricity oversupply. Mining operations can absorb this excess energy and convert it into economic value.

Responding to criticism of bitcoin’s energy consumption

Bitcoin mining has long faced criticism for its electricity demand, with some estimates comparing it to the consumption of countries like Thailand or Poland. According to the Cambridge Bitcoin Electricity Consumption Index, bitcoin accounts for less than 1 % of global energy use, specifically 0.8 %. Still, pressure for more sustainable solutions is growing among regulators and the public.

Meanwhile, the share of renewable power in mining continues to rise. Data from MiCA Crypto Alliance show that the proportion of green electricity used by miners increases by roughly six percentage points annually. The industry also argues that miners can help stabilize the grid, especially as AI-driven data centers significantly increase electricity consumption. Mining operations can be switched on or off quickly depending on grid conditions.

Tokenizing energy: data and revenue on the blockchain

Beyond the mining platform itself, Canaan and SynVista plan to integrate the energy sector with the blockchain through tokenization. This means activities or values – such as produced green energy, emissions savings, or mining revenue – will be converted into digital tokens stored on the blockchain, ensuring a transparent and verifiable record.

The companies say this will lay the foundation for deeper energy digitalization. In the future, it may even be possible to tokenize power plant cash flows, including revenue from energy production or tradable carbon credits. This would increase transparency and liquidity, allowing greener assets to be traded more efficiently across energy and financial markets.

Canaan has already tested projects in Canada and Texas

The new partnership builds on Canaan’s existing renewable-energy mining initiatives. In Canada, the company operates a gas-to-computing pilot that uses stranded or excess natural gas – which would otherwise be flared – to generate electricity for mining.

In Texas, Canaan works with Soluna Holdings in a wind-powered data center, deploying its mining rigs on a site running entirely on wind energy. Based on these experiences, the company aims to deliver a robust, scalable platform that could serve as a blueprint for other mining operations.

Sources:

https://www.canaan.io/news/canaan-inc-launch-quotgreen-compute-chain-storagequot-ecosystem-with-synvista-energy-1735

https://www.micacryptoalliance.com/news/mining-future-bitcoin-renewable-energy-footprint-path-2030

https://ccaf.io/cbnsi/cbeci/comparisons

https://investor.canaan-creative.com/news-releases/news-release-details/soluna-and-canaan-inc-partner-deploy-20-mw-next-gen-bitcoin