{"id":12271,"date":"2025-10-01T12:35:04","date_gmt":"2025-10-01T12:35:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-miners-flock-to-brazil-on-major-clean-energy-surplus\/"},"modified":"2025-10-01T12:35:11","modified_gmt":"2025-10-01T12:35:11","slug":"crypto-miners-flock-to-brazil-on-major-clean-energy-surplus","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-miners-flock-to-brazil-on-major-clean-energy-surplus\/","title":{"rendered":"Crypto miners flock to Brazil on major clean energy surplus"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Crypto miners are looking to use Brazil\u2019s clean energy surplus without putting a strain on the grid.<\/p>\n<div id=\"cn-block-summary-block_929ce64dc058f6ec7d349f259e0d2f43\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Crypto miners are looking to exploit the overabundant clean energy in Brazil<\/li>\n<li>Tether is among the companies that are looking to leverage surplus power<\/li>\n<li>Brazil is experiencing a glut of solar and wind power due to subsidies<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Crypto mining might solve a peculiar problem with renewable energy. Mining firms are negotiating contracts with Brazilian power companies, looking to exploit the oversupply of clean energy, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/clean-energy-glut-draws-cryptocurrency-miners-brazil-2025-09-30\/\" target=\"_blank\" rel=\"nofollow\">according<\/a> to a September 30 report by Reuters.<\/p>\n<p>At least six crypto mining firms are now negotiating contracts to use a portion of Brazil\u2019s abundant green energy for crypto mining. For instance, renewable energy supplier Renova is investing in a $200 million mining project in Brazil\u2019s northeast. This project will feature six data centers powered by a wind farm.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe aim to expand the company and enter new markets,\u201d said Renova CEO Sergio Brasil. \u201cWe realized that by providing all the infrastructure (for crypto mining), we were one step ahead of our competitors.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Crypto mining works well with green energy<\/h2>\n<p>Brazil has made a big push in renewable energy. However, wind and solar energy have the disadvantage that their peak production often does not track demand. On the other hand, crypto miners can scale their operations at will, benefiting from cheap energy. At the same time, they can scale back when energy demand is high.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere\u2019s tons of potential,\u201d said John Blount, co-founder of Enegix, a crypto miner based in Kazakhstan. \u201cWe will try somehow to elaborate mobile data centers,\u201d he added, that would be plugged directly into power plants<\/p>\n<\/blockquote>\n<p>Brazil\u2019s oversupply of green energy comes from years of government subsidies in wind and solar power. However, in some areas, this has led to oversupply, and some energy facilities now waste 70% of the energy they generate.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto miners are looking to use Brazil\u2019s clean energy surplus without putting a strain on the grid. Summary Crypto miners are looking to exploit the overabundant clean energy in Brazil&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12271"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12271\/revisions"}],"predecessor-version":[{"id":12273,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12271\/revisions\/12273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12272"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}