• The companies aim to improve grid stability by matching clean-power output with mining demand.
• They will tokenize energy generation, carbon savings, and mining yields onchain.
• The platform is designed to support securitisation of green-power assets.

Canaan is pushing deeper into sustainable Bitcoin mining with a new strategy that blends clean energy, artificial intelligence, and onchain tokenization.

The mining and hardware company has teamed up with SynVista Energy to develop a platform that adapts mining activity to renewable-power availability.

The plan comes as the crypto industry faces ongoing scrutiny over energy use and increasing pressure to rely on greener sources.

By combining smart energy scheduling with digital tracking of renewable assets, Canaan aims to show how mining can integrate more efficiently with modern power systems while supporting the wider shift toward low-carbon infrastructure.

Canaan turns to adaptive renewable energy mining

Canaan and SynVista Energy are developing a mining rig designed to match energy consumption with renewable-power supply.

The system uses an AI-driven scheduling engine that adjusts hash-rate demand based on real-time fluctuations in clean-energy production.

The companies say this approach is intended to maximise the use of available green power without adding stress to electricity grids already dealing with volatility from high renewable penetration.

The pair believes the platform could move renewable-powered Bitcoin mining from small isolated pilots to replicable engineering solutions.

The focus is on creating a structure that can fit regulatory standards while also remaining commercially viable for operators navigating the challenges of intermittent energy generation.

Mining industry seeks stability as power demand grows

Bitcoin mining continues to attract attention for its electricity footprint, with some estimates comparing consumption levels to those of mid-sized nations such as Poland or Thailand.

At the same time, industry groups argue that mining can complement grid balancing efforts, especially as AI data centres increase pressure on existing networks.

Canaan’s project builds on this narrative by targeting ways to turn surplus or stranded energy into productive computing power.

The company highlighted that fast-changing renewable output often leads to curtailment, where clean energy goes unused.

Its adaptive system aims to convert these excess electrons into a mining activity that can respond to grid conditions.

Tokenization of RWA links energy generation with onchain data

Alongside the hardware collaboration, Canaan and SynVista Energy will tokenize generation output, carbon savings, and mining yields on-chain.

The aim is to create a verifiable data layer that supports digital tracking of renewable generation and the securitisation of real-world assets such as green-power plants.

The companies expect that this on-chain framework will eventually allow tokenization of cash flows from energy production and carbon credits.

This would improve price transparency and liquidity for green assets while supporting the broader integration of digital tools into the energy-transition economy.

Industry data underscores the push toward cleaner mining.

The Cambridge Bitcoin Electricity Consumption Index estimates that Bitcoin accounts for about 0.8% of global electricity use.

The post Canaan expands green Bitcoin mining with renewable energy, AI, and tokenization appeared first on CoinJournal.

The Royal Thai Air Force has selected the BARAK MX air and missile defense system from Israel Aerospace Industries (IAI) as part of its plan to upgrade national base protection under its Integrated Air Defense System (IADS) program. The procurement contract, valued at 3.44 billion baht (approx. $107 million), includes one full BARAK MX unit, […]

A staff member at a Buddhist temple heard a knock while explaining to a relative how to get a death certificate.

• Thai market weakness is influencing the company’s shift.
• The potential fundraising amount is about $200 million.
• IPO activity in Hong Kong is heading for a four-year high.

Bitkub is considering a potential listing in Hong Kong, as per a Bloomberg report, signalling how crypto companies across Asia are reassessing where to raise capital as regulatory frameworks and market performance continue to diverge.

The discussions suggest that regional players are increasingly looking beyond their home markets to tap investor interest and align with the region’s shifting regulatory map.

Hong Kong IPO plans

Experts say Bitkub may pursue the Hong Kong route as early as next year, although the plans remain under evaluation.

The company is studying how a listing there could support expansion and strengthen its position in a region where crypto regulation is evolving.

The potential deal size, under review as discussions continue, notes Bloomberg, is expected to be around 200 million dollars, though the final structure could change as conditions develop.

Thai market pressures

Thailand’s stock market conditions appear to be a central factor behind the shift.

The domestic exchange has struggled this year, posting one of the weakest performances globally.

New listings have seen a weighted average decline of more than 12%, placing pressure on companies looking to attract stable demand.

The SET Index has also fallen by about 10%, prompting some firms to explore more resilient capital markets across Asia.

Bitkub had previously explored a local listing, but the prolonged downturn has encouraged a reassessment of regional options with stronger liquidity.

Hong Kong digital assets push

Hong Kong has been positioning itself as a regulated centre for digital assets, aiming to regain ground lost during earlier market retreats.

The city has introduced a licensing framework for crypto platforms to create a clearer regulatory environment and support investor confidence.

Bloomberg states that officials are also working on measures that may encourage more exchanges and institutions to operate within the market, although overall trading activity remains quiet for now.

A Bitkub listing would contribute to the city’s plan to draw more international companies and expand its role in the Asian digital assets landscape.

Regional competition for listings

A listing by Bitkub would support Hong Kong’s wider efforts to attract firms from outside mainland China.

The city is heading for its strongest year for first-time share sales in four years, with Bloomberg estimating potential proceeds of more than $40 billion by year’s end.

For now, the consideration of a Hong Kong listing highlights how regional players are adapting to a rapidly changing environment.

As Asian markets refine their regulatory approaches and compete to establish stronger positions in digital assets, companies such as Bitkub are reassessing where their future growth and investor access may be best supported.

The post Thailand’s Bitkub said to eye Hong Kong listing appeared first on CoinJournal.

Leonardo DRS, Inc. announced it has signed a contract with Thailand-based Chaiseri Defense Systems to provide its advanced Battle Management System (BMS) and related integration support to the Royal Thai Army’s Stryker armored vehicle fleet. According to a release from Leonardo DRS, the agreement expands the company’s footprint in Southeast Asia and strengthens its long-term […]

Bitcoin Magazine

Bitcoin on a Prepaid Card? Moon Inc. Raises $8.8M to Make It Happen in Asia

Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in prepaid connectivity and digital asset solutions, confirmed the successful HK$65.5 million fundraising earlier today.

The round was supported by a consortium of Bitcoin miners and investors through the issuance of new shares and convertible notes, according to a note shared with Bitcoin Magazine. 

“The successful completion of this private placement marks another critical milestone in Moon Inc.’s growth, and we are grateful for the confidence our new and existing investors have shown in our long-term vision,” said John Riggins, CEO of Moon Inc.

According to a filing with the Hong Kong Stock Exchange, the proceeds will support Moon Inc.’s Pan-Asian expansion, starting with Thailand and South Korea, alongside the launch of its Bitcoin-enabled prepaid card. 

The cards enable users to acquire, store, and transfer Bitcoin without the complexity of traditional wallets, merging Moon Inc.’s prepaid telecom expertise with innovative digital asset functionality.

In other words, the cards will let people buy and send Bitcoin easily, without needing a separate crypto wallet — basically like a pre-paid phone card.

Looking ahead, Moon Inc. is evaluating Taiwan, Japan, and Vietnam for future growth opportunities.

Traditional markets are merging with the Bitcoin economy

Riggins framed the fundraise and new prepaid card as a step toward bridging traditional capital markets within the Bitcoin economy, leveraging Moon Inc.’s existing wholesale telecom distribution networks. 

“We see this as more than a fundraise — it’s a vote of confidence in Hong Kong’s role as a gateway for regulated digital-asset innovation and in Moon Inc.’s ability to bridge traditional capital markets with the Bitcoin economy,” Riggins said.

Back in March, the company became the first publicly traded company in Greater China to adopt a Bitcoin treasury strategy, integrating Bitcoin into both its balance sheet and retail business model.

The fundraising follows Moon Inc.’s majority acquisition by Sora Ventures and UTXO Management earlier this year, a move that has accelerated the company’s strategic initiatives and broadened its digital asset offerings. 

In addition to the pre-paid card, Moon Inc. also announced they were named one of Hong Kong’s 10 most innovative companies by Capital Magazine.

“We’re honored to be recognized for driving Bitcoin adoption in Asia, particularly through our prepaid Bitcoin card,” Riggins said.

Disclaimer: Moon Inc is a portfolio company of UTXO Management, a regulated capital allocator focused on the digital assets industry. Bitcoin Magazine is owned by BTC Inc., which operates UTXO Management. UTXO invests in a variety of Bitcoin businesses, and maintains significant holdings in digital assets.

This post Bitcoin on a Prepaid Card? Moon Inc. Raises $8.8M to Make It Happen in Asia first appeared on Bitcoin Magazine and is written by Micah Zimmerman.