TEPCO Harnesses Excess Renewable Energy for Bitcoin Mining, Encouraging Clean Energy Investment

• Tokyo Electric Power Company (TEPCO) is mining Bitcoin using excess renewable energy.
• TEPCO's subsidiary, Agile Energy X, has installed mining rigs next to solar farms in Japan.
• The initiative helps reduce wasted green energy and incentivizes renewable energy growth.
• Bitcoin mining can turn waste and surplus energy into revenue and reduce power and emissions.
• Other countries, like El Salvador, are also using excess renewables for Bitcoin mining.
• Bitcoin mining dispels the myth that it is environmentally hazardous.

Summary :
Tokyo Electric Power Company (TEPCO), Japan's largest electricity provider, has started mining Bitcoin using excess renewable energy through its subsidiary Agile Energy X. The company has installed mining rigs near solar farms in Gunma and Tochigi prefectures to utilize wasted green energy. This initiative helps reduce overloading of Japan's grid and incentivizes renewable energy growth. By generating Bitcoin profits, TEPCO hopes to encourage further investment in clean energy for mining purposes. This approach dispels the notion that Bitcoin mining is environmentally harmful, as it utilizes energy that would otherwise go to waste. Other countries, such as El Salvador, are also tapping into excess renewables for Bitcoin mining. As more renewables come online, Bitcoin mining can help reduce wasted power and emissions.

Sources :

- Bitcoinmagazine
- CoinTelegraph