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[Canaan Signs 4.5 MW Contract in Japan to Deploy Liquid-Cooled Mining Machines] Canaan announced the signing of a 4.5 MW contract in Japan to deploy Avalon liquid-cooled Bitcoin mining machines for real-time grid load balancing and energy optimization. The project is led by a major local utility company, and the facility will utilize Canaan's intelligent control chips to dynamically adjust voltage, frequency, and hash rate, contributing to stable grid operations. By the end of 2025, the project is expected to enhance energy utilization efficiency.