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Japanese Power Company Considers Using Solar Power to Mine Bitcoin

Japanese Power Company Considers Using Solar Power to Mine Bitcoin


CryptoIntelligence
2024-09-09 11:48:21

A Tokyo Electric Power Company (Tepco) subsidiary, Agile Energy X, is making strides in the Bitcoin mining industry by utilizing wasted solar energy, an initiative that could boost the use of green energy. According to a report by Asahi Shimbun on September 8, Agile Energy X has begun testing Bitcoin mining operations powered by excess solar energy that would otherwise go unused due to Japan’s “output control” practices. These practices involve intentionally reducing energy production to manage supply and demand or to address transmission limitations. Kenji Tateiwa, President of Agile Energy X, explained the potential impact of this initiative: “It


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