SynVista Energy and Canaan Announce Strategic Partnership to Advance Renewable-Adaptive Mining Solutions

SynVista Energy and Canaan Inc. (NASDAQ: CAN) announced a strategic partnership to co-develop and deploy a next-generation renewable-adaptive Bitcoin mining solution built on clean power, energy storage, and intelligent scheduling technologies.

The collaboration marks the first global implementation of a distributed architecture that dynamically coordinates electricity supply and computing demand. By synchronizing renewable generation, storage, and mining loads in real time, the joint solution improves the utilisation efficiency of clean energy, reduces curtailment, and ensures grid stability — advancing green mining from concept to large-scale application.

Both companies will also explore bringing generation output, carbon intensity, and mining revenue on-chain to build a trusted data foundation for the digitalisation and RWA (Real World Asset) transformation of renewable energy assets.

Key Highlights of the Collaboration

Integrated Architecture: “Generation–Storage–Mining”

A unified system that links power generation, energy storage, and mining load, enabling coordinated operation across the entire energy–compute chain.

Distributed Deployment

Modular, scalable units deployed directly at renewable energy sites to maximise on-site consumption and support flexible expansion.

Intelligent Scheduling

Automated adjustments based on real-time generation and grid load conditions, enabling mining operations to ramp up, ramp down, or enter standby to optimise clean energy utilisation.

Trusted On-Chain Data

Renewable output, carbon performance, and mining revenue can be recorded on-chain to support future RWA applications and carbon-asset development.

ESG Benefits

Enhances the utilisation of clean energy and enables verifiable, accountable carbon-reduction pathways and benefit models.

Addressing Curtailment and Unlocking New Value

As renewable penetration rises, the variability and unpredictability of solar and wind resources create growing challenges for grid operators. Excess generation is often curtailed due to insufficient local demand or grid capacity, resulting in lost economic value.

By treating mining as a highly flexible, rapidly adjustable load, and buffering short-term fluctuations with small-scale energy storage, SynVista and Canaan enable an “electricity-driven” hashrate curve that:

• avoids competing with grid reliability requirements
• absorbs localised surplus renewable energy
• converts marginal generation into meaningful economic returns

This approach helps renewable power stations improve equivalent utilisation hours and project IRR, without requiring large-scale storage investments.

Industry and Commercial Significance

For Canaan

The partnership elevates green mining from isolated pilots to a distributed, replicable engineering solution, improving carbon performance, enhancing energy structure, and establishing a pathway that balances economic viability, engineering feasibility, and regulatory readiness.

For SynVista Energy

The “renewables + blockchain” model unlocks new structural value, enabling power plants to monetise marginal generation while strengthening long-term competitiveness. The trusted data foundation also supports the future tokenisation and securitisation of clean-energy revenues and carbon assets, improving transparency and liquidity in green finance.

Path Forward

SynVista and Canaan will begin with a demonstration project — with details on its location and scale to be released at a later stage. The two companies will continue iterating across green mining, trusted renewable data systems, and carbon-asset development, while exploring standardised deployment pathways for large-scale renewable energy bases under compliant and secure frameworks.

About SynVista Energy

SynVista Energy is a Singapore-headquartered renewable energy solutions provider committed to delivering reliable and secure green energy services. The company offers high-quality energy storage system manufacturing and turnkey engineering services, as well as customized energy storage asset development and operation solutions. Its business spans Southeast Asia, the United States, Europe, and China.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN) is a technology company specialising in high-performance ASIC chip design, hardware manufacturing, and software services. Since launching the world’s first ASIC-based Bitcoin miner under the Avalon brand in 2013, Canaan has remained a pioneer in the computing industry. The company listed on Nasdaq in 2019. Learn more at www.canaan.io.

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