Enel Plans Power Sales to Miner of Cryptocurrency

Enel SpA, Europe’s largest utility, is in talks to sell power from wind, solar and other renewable energy plants to the Swiss cryptocurrency company Envion AG, according to people with direct knowledge of the matter.

The discussions are part of a broader effort by Enel to evaluate the market for selling electricity to miners of bitcoin and other digital currencies, who require large amounts of energy to perform calculations needed to confirm transactions, said the people, who asked not to be identified because the talks are private. Enel and Envion declined to comment on the discussions.