Brazilian Solar Firm Thopen Investigates Bitcoin Mining Approach

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 30 2025

SXP-3.663%

BTC+2.156%

SLC-3.02%

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Thopen's Bitcoin Mining Exploration: Brazilian solar power producer Thopen is considering Bitcoin mining to monetize surplus energy from the country's renewable sector, addressing challenges related to electricity oversupply and curtailment.
Industry Trends in Brazil: Several crypto mining companies are negotiating with Brazilian electricity providers to utilize the renewable energy surplus, while the government plans to hold bidding rounds for power plants to secure reliable energy sources.
International Energy-to-Crypto Initiatives: Companies like Union Jack Oil and AgriFORCE Growing Systems are also exploring energy conversion to Bitcoin mining, indicating a growing trend among energy producers globally to leverage excess energy for cryptocurrency operations.
Potential Impact on Energy Systems: Thopen's strategy could help mitigate oversupply issues while generating revenue, reflecting a broader recognition of cryptocurrency mining's potential role in energy systems, as seen in recent proposals for faster grid access for miners.

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Technical Analysis for SXP

Technical Sentiment Analysis for Solar (SXP) As of , Solar (SXP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SXP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SXP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solar (SXP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00113	0.0122	0.0219	0.033	0.0427	0.0538	0.0635
Fibonacci	0.0122	0.0202	0.0251	0.033	0.041	0.0459	0.0538

About SXP

Solar is a Layer 1 blockchain network secured by 53 Block Producers through Delegated Proof of Stake (DPoS) consensus, with SXP as its native utility coin. The network's security and governance are maintained through a system where coin holders can participate by voting for Block Producers. As an open, community-driven ecosystem, Solar enables collaboration between Block Producers and coin holders, fostering continuous development and enhancement of the network's infrastructure.The SXP coin is integrated into various real-world services, including travel and accommodation bookings through travala.com, digital gift cards and top-up services via coinsbee.com, and tymt.com - a multi-chain game launcher where SXP serves as the primary currency.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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