Japan’s TEPCO plans to use surplus green energy for Bitcoin mining, generating $2.5 billion annually
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Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO) in Japan, is investigating the utilization of excess renewable energy for Bitcoin mining. The startup is deploying mining machines adjacent to solar farms in Gunma and Tochigi prefectures, with the objective of transforming surplus renewable energy into crypto. A calculation conducted by Agile Energy X indicates that if Japan attains its objective of 50% renewable energy by 2050, around