Blockspace: AI & Bitcoin MINING: The Last Bitcoin Mining Bull Market Ever w/ Liang Wang
Mar 10, 2026
Liang Wang, VP of Canaan and ASIC/mining executive, discusses Canaan’s Texas acquisitions and rapid 60.9% ASIC sales growth. He covers using stranded energy, behind-the-meter pilots for heat reuse, North American expansion, China’s regulatory landscape, and how AI demand is reshaping chip supply and mining economics.
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Asset Ownership To Lock In Low Texas Power
- Canaan bought 49% stakes in three Texas sites to secure very low power and gain operational experience.
- Sites include behind‑the‑meter wind and grid‑connected farms with long track records of sub-$0.03/kWh pricing and minimal local regulation.
Use Miners To Monetize Stranded Energy And Heat
- Pursue stranded energy and heat reuse projects to access cheap, otherwise wasted power and add revenue streams.
- Canaan piloted greenhouse heating and wellhead stranded gas projects in Canada to reuse heat and monetize flared gas.
Bitcoin Mining As Grid Flexibility Tool
- Bitcoin miners act as flexible grid balancers because they can be turned down during peaks, unlike 24/7 AIHPC.
- Texas grid operators favor miners for flexibility and incentivize curtailment as a cheaper alternative to battery storage.