Bitcoin mining companies accelerate their arrival in Brazil to take advantage of the renewable energy surplus that is costing almost 1,000 million dollars to electricity in two years.
The former state -owned Electobras Energy Company, privatized in June 2022, Develop a Pilot Mining Project of Bitcoin in Bahianortheast of the country.
The farm will be fed by wind turbines, solar panels and batteries. They seek to monetize excess wind and solar generation that is currently wasted. The Vice President of Innovation, Juliano Dantas, revealed the movement to Reuters.
Additionally, according to medium sources, at least six active negotiations with Small and medium enterprises build or plan mining farm, added to a 400 MW megaproject.
The Brazilian energy surplus arises after years of government incentives that promoted renewable energy investments, but where the transmission infrastructure did not keep the pace. Therefore, some plants waste up to 70% of their generated energy, according to abeeolica and ability data.
«Our goal is to expand the company and enter new markets,» said Sergio Brazil, CEO of Renova, one of the main renewable energy generators in Brazil. According to the middle referred, The company builds six 100 MW data centers They will feed on a wind farm.
Latin America grows as an ideal scenario for Bitcoin mining. Tether published an ad in July 2025 in which he will approach Adecoagro, to launch initiatives in the region.
In this statement, the plan explicitly confirmed: «The association will explore the potential to use adecoagro renewable energy assets to feed Bitcoin mining facilities.»
Adecoagro, a leading agricultural producer, has renewable energy assets, including energy generation from sugar cane biomass.
As Cryptonotics reported, Bitcoin mining has an increasingly relevant role globally with more than 10 countries that already generate their own digital currencies.