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Brazil's largest bank Itau invests $10M in Minter to mine bitcoin using surplus renewable energy.

Market News
24 Apr 2026
Bitcoin
View Source
Bullish
pluang ai news

Itau Unibanco, Brazil's largest bank, through its venture arm Itau Ventures, invested up to $10 million in Minter, a company that deploys mobile data centers for bitcoin mining using surplus renewable energy. This investment targets Brazil's significant energy curtailment problem, which caused $1.2 billion in losses in 2025 by wasting solar and wind power. Minter plans to expand its capacity to 500MW by 2029 across Brazil and the U.S., turning otherwise wasted energy into bitcoin mining profits. This move highlights growing interest in flexible, green energy solutions and crypto mining as a way to monetize excess renewable power.

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