The Brazilian renewable energy company is exploring bitcoin mining as a way to monetize its surplus power production.

Thopen, a company specializing in solar energy, has announced its intention to enter the bitcoin mining market as a solution to manage the excess energy generated by its renewable installations.

In an interview with BN Americas on October 29, Gustavo Ribeiro, CEO of Thopen and its parent company Pontal Energy, outlined the firm’s new strategic direction. When asked how the company plans to address Brazil’s energy surplus, Ribeiro explained that the answer lies in diversifying its operations.

His vision includes developing data centers and bitcoin mining operations directly at the energy production sites. This statement follows reports from early October suggesting that several mining companies are negotiating agreements with Brazilian energy providers to harness excess renewable power.

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