TEPCO Subsidiary: Surplus Electricity for Bitcoin Mining Could Generate $2.5 Billion in Annual Revenue

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BitcoinWorld 12h ago

TEPCO Subsidiary: Surplus Electricity for Bitcoin Mining Could Generate $2.5 Billion in Annual Revenue - BitcoinWorld

Quick Summary:

TEPCO – Tokyo Electric Power Company subsidiary Agile Energy X, Japan’s largest power utility, has revealed that allocating surplus electricity to Bitcoin (BTC) mining could potentially generate up to $2.5 billion in revenue annually.

While the report paints an optimistic picture of the financial potential of surplus electricity allocation for Bitcoin mining, several challenges remain.

Furthermore, the infrastructure required to scale Bitcoin mining operations to fully utilize Japan’s surplus electricity would require significant investment.