The Biggest Power Company in Japan Will Mine Bitcoin Using Excess Energy

In order to mine Bitcoin using extra energy across the nation, the Tokyo Electric Power Company (TEPCO) Power Grid is working with a local semiconductor designer and developer, TRIPLE-1.

An massive tsunami and earthquake struck the TEPCO-operated Fukushima nuclear facility in 2011, causing significant damage to its cooling systems and the meltdown of three reactors.

Later, the power provider admitted that it ought to have been more proactive in preventing such catastrophes. TEPCO continues to be affected by the disaster as a result of enduring expenses related to victim compensation.

TEPCO Power Grid, the corporation's electricity transmission and distribution company, is now searching for ways to monetize excess power through Bitcoin mining through its wholly-owned subsidiary Agile Energy X.

Agile Energy X and TRIPLE-1 agreed to form a strategic cooperation on November 11th, according to a statement released on Wednesday by the Japanese energy titan.

Agile intends to establish numerous data centers using TRIPLE-1 chips and extra electricity from renewable sources all around Japan thanks to the agreement.

The grounds of TEPCO Power Grid's office in the Tokyo metropolitan region have already been designated as the site of a pilot project, according to the release.

"We have begun experiments to verify system behavior and the effect on the electrical grid when machinery is operated at high power levels of up to 1,500 kW, and we have established that the machinery can function normally."

Additionally, the business said, "We feel that choosing and introducing energy-saving products that have a minimal environmental impact is an important endeavor toward the development of a carbon-neutral society."

Article Credit: BTC Times

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