Brazilian solar company 'Thopen' is considering Bitcoin mining to utilize surplus power

Brazilian solar power company Thopen(Thopen) is considering entering the Bitcoin (BTC) mining business to efficiently utilize surplus generated power.

On the 29th (local time), Cointelegraph reported that Gustavo Ribeiro (Gustavo Ribeiro), Thopen's chief executive officer (CEO), said, "Rapidly increasing renewable energy production in Brazil is causing an excess power problem," and "to address this, we are considering installing data centers and Bitcoin mining facilities near the sites to absorb surplus power."

Thopen's parent company, Pontal Energy (Pontal Energy), is also expected to join this strategy. Ribeiro, the CEO, emphasized, "Through diversification, we are mitigating energy supply curtailment (curtailment) issues," and "Bitcoin mining can be an efficient solution to convert surplus power into capital."

Brazil has faced an oversupply of electricity as the share of renewable energy centered on solar and wind has surged in recent years. According to Reuters in August, the Brazilian government plans to pursue bids for hydropower and thermal power plants in 2026 to reduce dependence on intermittent renewables while securing grid stability.