Agile Energy X – a company incorporated in Tokyo, Japan, and a subsidiary of the Tokyo Electric Power Company, is reportedly tapping into Bitcoin

the firm looks to expand its capabilities through Bitcoin mining, banking that it can prevent waste of excess renewable energy.

Agile Energy X, a subsidiary of the Tokyo Electric Power Company (TEPCO), is reportedly planning to venture into Bitcoin mining. The move is aimed at expanding the company's capabilities and preventing the waste of excess renewable energy.

TEPCO, being the largest electric utility company in Japan and the 4th largest in the world, is making a significant shift towards Bitcoin mining. According to a senior executive at Agile Energy X, the company is looking to introduce a framework that will allow energy producers to control their output through multiple means, including using up the oversupply to mine Bitcoin. This is especially relevant for photovoltaic power because its generation peaks during the daytime.

“What we are doing has few parallels in Japan. Success of our framework would prompt more green energy to be introduced.”

However, the company is yet to start mining Bitcoin. Tateiwa has proposed this new in-house project and the idea will be thoroughly tested through multiple demonstrations.

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