Bitdeer Chairman and CEO Wu Jihan stated that the solar energy issue in Europe is shifting from "insufficient power generation" to "insufficient flexible demand." Pexapark data shows that recently, France, Germany, and Spain have all experienced a decline in solar capture rates and a surge in negative electricity prices. In addition to battery and grid construction, interruptible loads such as Bitcoin mining can also be used to absorb excess renewable energy.

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TwoFactorZen
· 46m ago
Boss Wu is again looking for a new narrative for the mining farm, but the logic indeed makes sense.
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EraPuzzleMaster
· 3h ago
Too much solar energy can become a headache; energy storage can't keep up. Mining is indeed a viable solution.
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SlippageSamurai
· 4h ago
Utilizing excess green electricity for mining may be one of the most cost-effective solutions.
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AirdropDreamsInAGlassBottle
· 5h ago
Wu Jihan is speaking out now; has Bitdeer established a presence in Europe?
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LiquidityBarista
· 5h ago
Europe's energy transition pain period, miners come as a buffer
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GateUser-4aa73916
· 5h ago
Batteries are too expensive, the power grid is too slow, and mining machines indeed respond quickly.
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0xTeaTime
· 5h ago
From power shortages to an excess of electricity that can't be used up, the energy transition is truly magical.
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FloatingTeacup
· 5h ago
The combination of photovoltaic + mining has greater policy risk than technical risk.
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LateBlockLarry
· 5h ago
Negative electricity prices mean generators pay to produce power, and miners can enter at this time for a win-win situation.
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ReefUnderTheAurora
· 5h ago
The solar energy capture rate is declining, indicating that the installation speed has surpassed infrastructure development.
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