Crypto company unveils new strategy to solve serious industry problem: ‘Power the next generation’
Crypto mining company Canaan just revealed its new strategy to keep its energy usage clean.
Earlier this month, Canaan, a company that specializes in cryptocurrency and AI development, released a “big milestone” statement with its intent to reduce carbon dioxide pollution through the usage of new crypto mining devices.
Per Forklog, “Modifying Bitcoin mining infrastructure to meet AI needs is becoming increasingly popular. … Analysts at Morgan Stanley believe that mining companies provide the fastest and least risky way for firms working with neural networks to access electricity.”
Canaan is capitalizing on that idea by converting associated petroleum gas into electricity to assist with crypto mining instead of using…
