Japanese power company to utilize excess power for crypto mining
A major Japanese utility company, Tokyo Electric Power Grid (NS:PGRD) (TEPCO), is working with local mining rig manufacturer TRIPLE-1 to capitalize on excess power on its grid. TEPCO established a subsidiary called Agile Energy X with the goal of creating digital value from the utility’s excess power.
TEPCO and Agile Energy X signed 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. a 1.5 megawatt (MW) data center with 1,300 computers.
Source
t.me/Mining_Crypto_Miner
