Brazil's Solar Energy Company Explores Bitcoin Mining
Brazilian solar energy firm Thopen is exploring Bitcoin mining as a way to convert surplus solar energy into a profitable and sustainable business model.
The company is considering this move to address the country's challenge of excess electricity generation from rapid solar and wind power expansion.
- Transmission bottlenecks and limited local demand have resulted in an oversupply of energy in several regions.
- This surplus often leads to energy curtailment, where producers are forced to reduce output, causing financial losses.
Bitcoin mining as a way to convert surplus solar energy into a profitable and sustainable business model.
Author's summary: Thopen explores Bitcoin mining for surplus solar energy.
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