Tokyo Electric Power Company (TEPCO), Japan’s largest electricity provider, has begun mining Bitcoin through its subsidiary Agile Energy X using excess renewable energy that would otherwise be wasted, as per reports from Asahi.
JUST IN: 🇯🇵 Japan’s largest power company TEPCO is mining #Bitcoin using surplus energy. pic.twitter.com/ZrsmbV7mv6
— Bitcoin Magazine (@BitcoinMagazine) September 9, 2024
With over 27 million residential and business customers, TEPCO established Agile Energy in 2022, and now they are exploring Bitcoin mining powered by surplus renewable energy. The subsidiary has installed mining rigs next to solar farms in Japan’s Gunma and Tochigi prefectures.
The initiative helps reduce wasted green energy from solar and wind farms that are forced to curtail production to avoid overloading Japan’s grid. This energy is now being diverted to generate Bitcoin.
„Green energy producers have to operate their businesses on the assumption that part of the power
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