đš BREAKING: Japan has officially become the 11th country (excluding the U.S.) to engage in government-backed Bitcoin mining, according to VanEck. (KuCoin)
đ Whatâs Going On
A major Japanese utility (with partial state ownership) has signed a deal with #Canaan Inc. to deploy 4.5 MW of Bitcoin mining rigs that will run when surplus renewable energy is available â essentially turning mining operations into a âdigital load-balancerâ for the grid. (AMBCrypto+2Live Bitcoin News)
The move signals a shift: mining is no longer just an energy consumer â in Japanâs model, it becomes a tool for grid management and energy efficiency. AInvest
Considering all ten of Japanâs regional utilities are partly government-owned, VanEck considers this a state-aligned mining initiative, putting Japan in the same category as other nations that integrate public resources into #crypto-mining .
(thecoinrepublic.com)
đ Why It Matters
This is a major endorsement of #Bitcoinmining in a regulated, developed economy â potentially influencing how other countries view digital assets inside energy & infrastructure policy.
With state-level buy-in, the narrative around Bitcoin mining is shifting from âenergy drainâ to âenergy assetâ â especially when tied to renewable power and grid optimization.
Institutional investors and mining firms may see this development as a precedentâpossibly accelerating similar projects globally.
đ Key Stats
4.5 MW mining deployment via Canaan rigs in Japan. (AMBCrypto)
#JapanCrypto now listed as 11th nation globally (outside the U.S.) with state-backed crypto mining. (KuCoin)
Stay tuned â if this model scales, we may see mining operations re-imagined around energy policy, not just profit.