Canaan launches 3 MW liquid-cooled heat-recovery pilot to heat greenhouses
Canaan Inc. has begun a 24-month, 3 MW liquid-cooled compute heat-recovery pilot in Manitoba to capture waste heat from 360 Avalon A1566HA-460T servers and four liquid-cooling modules and use it to preheat water for Bitforest Investment Ltd.’s commercial greenhouse. The closed-loop heat-exchange system integrates with the greenhouse’s electric boiler circuit and can produce water above 75°C. Canaan estimates up to ~90% of server electricity could be reclaimed as useful heat. The pilot will measure heat-recovery efficiency, system stability, maintenance needs and overall economics, targeting an all-in power cost of about US$0.035/kWh (power, O&M). Canaan says surplus power or demand-response participation by Bitforest could generate shared economic benefits. The project is presented as part of Canaan’s wider sustainability push to cut data-center cooling needs, lower emissions compared with fossil-fuel heating, and develop a replicable model for reusing data-center heat in agriculture and other cold-climate industries. Key SEO keywords: Canaan, heat recovery, liquid cooling, greenhouse heating, data center heat reuse.
Neutral
The news describes an operational pilot by Canaan to capture mining server waste heat for greenhouse heating. This is primarily an infrastructure and sustainability development rather than a change to core Bitcoin fundamentals or monetary policy. Direct price pressure on Bitcoin (BTC) is likely limited: the project could modestly improve the economics and public perception of crypto mining (lowering operational costs and emissions), which is mildly positive over time, but it does not create immediate demand for BTC or alter supply. Short-term market reactions are therefore likely muted or neutral, as traders typically respond to events that directly affect network activity, regulatory status, macro liquidity or large custodial flows. Over the longer term, wider adoption of heat-reuse and lower all-in power costs could slightly reduce miners’ operating breakevens and improve profitability, which may be modestly bullish if replicated at scale—but the pilot’s limited scope (3 MW, 24 months) means any systemic impact would take time and broader deployment to materialize. Considerations for traders: monitor follow-on deployments, announced power-cost reductions, and any revenue-sharing models that convert excess power into saleable electricity — those developments would raise the news’ market relevance.