Woo Chi-hung: Bitcoin Mining Can Act as 'Final Buyer' for Europe's Excess Solar Power

According to Woo Chi-hung on X, Europe's solar power generation has exceeded the grid system's flexibility capacity to absorb excess energy. Citing Pexapark research, the 'self-cannibalization' phenomenon in European solar is rapidly deteriorating as solar deployment outpaces grid flexibility development.

Woo suggested that interruptible loads, including Bitcoin mining and other computational workloads, can serve as a 'last buyer' for renewable energy surplus by activating during periods of abundant power and shutting down when the grid faces stress. This approach could reduce curtailed electricity, improve solar project returns, and enhance profitability and financing viability for power generation and grid infrastructure investments.