Brazilian solar firm Thopen considers Bitcoin mining to absorb surplus power
Cointelegraph
Brazilian solar producer Thopen is exploring Bitcoin mining to monetize excess renewable energy and mitigate curtailment losses.Summary
Brazilian solar energy company Thopen, led by CEO Gustavo Ribeiro, is considering expanding into Bitcoin mining as a strategy to absorb surplus power generated by the country's rapidly growing renewable sector. This move aims to monetize excess energy and offset losses from curtailment, which limits how much energy solar suppliers can feed into the grid. Ribeiro stated that the company is evaluating solutions like data centers and Bitcoin mining near the load to absorb locally generated energy. This development aligns with broader trends, as other energy companies globally, such as Union Jack Oil in the UK, are also exploring crypto mining to monetize stranded or surplus energy resources.
(Source：Cointelegraph)