Canaan turns Bitcoin mining heat into district heating for 2,800 Nordic homes
- —The ~8 MW project supplies recovered heat to about 2,800 homes
- —Canaan mined 44 BTC in September, unchanged from August
- —The company held 1,875 BTC on its balance sheet at month-end
- —Average all-in power cost was about $0.043 per kWh
Why it matters: Monetizing waste heat gives miners a revenue stream beyond Bitcoin production and improves the economics of energy-intensive operations.
Source: Crypto Daily