Brazil: Thopen bets on bitcoin mining to manage excess solar…

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.

Brazil has experienced a rapid expansion of solar and wind generation capacity. However, infrastructure limitations in the transmission system and insufficient local demand have led to overproduction in several regions – causing energy waste and financial losses for producers.

To address this issue, the Brazilian government has planned two auctions for 2026, targeting hydroelectric and fossil-fuel thermal plants. The goal is to ensure a stable energy supply and reduce dependence on variable sources such as solar and wind.

Industry analysts note that solar energy producers in Brazil are facing restrictions on how much electricity they can feed into the grid. Ribeiro described this limitation as “a challenge for the entire sector,” proposing bitcoin mining as a mechanism to convert excess energy into economic value.

Experts agree that combining renewable generation with energy-intensive activities like bitcoin mining can enhance both the profitability of energy plants and the stability of the electrical grid.

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