TEPCO Subsidiary Ventures into Bitcoin Mining Using Surplus Solar Energy
Source Livebitcoinnews
A subsidiary of Tokyo Electric Power Co. (TEPCO), Agile Energy X, is venturing into Bitcoin mining to utilize wasted renewable energy. The Tokyo-based company is experimenting with using surplus solar energy to power Bitcoin mining machines. According to its president, Kenji Tateiwa, this initiative could introduce more green energy, as reported by Asahi Shimbun on Sept. 8.
The goal is to stop practices labeled “output control” in Japan when renewable electricity is intentionally generated in lower volumes to match consumption. Such cutbacks frequently lead to idle power that might have been put to productive use. Agile Energy X has deployed Bitcoin mining rigs near solar stations in the Gunma and Tochigi regions to acquire this surplus.
The annual output control in 2023 in Japan targeted around 1,920 GWh of renewable energy, corresponding to the households’ annual electricity consumption of 450,000. Agile Energy X wants to achieve more sustainable use of green energy by using this wasted energy for Bitcoin mining.
Bitcoin Mining Using Surplus Energy Could Generate $2.5B Annually, Says Agile Energy X
Tateiwa, an ex-employee of the TEPCO nuclear branch, mentioned similar concerns in Kyushu Electric Power Co. in 2018 when they had to decrease the output from renewables to avoid oversupply during the hottest hours of the day for solar generation. This led to the idea that Bitcoin mining could utilize renewable energy sources to avoid wastage.
A new downstream renewable energy company, Agile Energy X, incorporated in February 2022, noted that if renewable power provided 50% of Japan’s supply, up to 240 GWh could be thrown away through curtailment. To put things in perspective, dedicating only 10% of this surplus to cryptocurrency mining could produce roughly $2.5 billion annually.
The project has been popular among international figures such as Fred Thiel, CEO of Marathon Digital Holdings, and ESG strategist Daniel Batten, who admired Japan’s concept of Bitcoin mining and renewable energy integration.
The post TEPCO Subsidiary Ventures into Bitcoin Mining Using Surplus Solar Energy appeared first on Live Bitcoin News.
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BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500.
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It’s trading below $88,000, and
It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward.
Resistance is layered, and $89,000 is the problem area（h3）
If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession.
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Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average.
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Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.”
Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal.
Bitcoin dips hard, finds a bid near $85,000（h3）
BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500.
The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet.
Structurally, BTC is still on the back foot:
It’s trading below $88,000, and
It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward.
Resistance is layered, and $89,000 is the problem area（h3）
If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession.
First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim.
A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle.
If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased.
If BTC fails to reclaim resistance, the downside path is clear（h3）
The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower.
Support levels line up like this:
Immediate support: $85,500
First major support: $85,000
Next support: $83,500
Then $82,500 in the near term
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Indicators: momentum still leans bearish（h3）
The intraday indicators aren’t offering much comfort yet:
Hourly MACD is losing pace in the bearish zone.
Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes.
So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.
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