In September, TEPCO established a subsidiary called Agile Energy X with the goal of creating digital value from the utility’s excess power, including through cryptocurrency mining.a memorandum of understanding with TRIPLE-1 to develop distributed data centers throughout the country that capitalize on excess renewable energy with TRIPLE-1’s semiconductors.
The project’s goal was to make good use of excess power by creating new demand for crypto mining and artificial intelligence computation. This group of units has already established a demonstration project in Tokyo, a 1.5 megawatt data center with 1,300 computers.Bitcoin miners are turning off machines as the bearish market sentiment has hit the cryptocurrency industry again. Furthermore, Bitcoin miners have been caught between a persistently low Bitcoin price, which reduces their revenue, and high electricity rates, which raise their costs.
Furthermore, energy prices have risen in recent days, just like the price of natural gas. Major producers such as