Canaan Inc. Wins Competitive Bid to Provide Hash-to-Heat Equipment to Nordic District Heating Network

High-temperature heat reuse converts compute waste into scalable district heating infrastructure  Project provides additional validation of Canaan's expansion into energy-integrated compute infrastructure SINGAPORE, May 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has been selected to support a district heating network in the Nordic region. The heating solution, developed in partnership with a leading Nordic heating provider (the "Customer"), utilizes Canaan's advanced Avalon A1566HA series hydro-cooled units with a combined capacity of approximately 8 MW.