🇧🇷 Brazil Attracts Miners With Renewable Energy

Brazil is rapidly establishing itself as a global leader in block reward mining, a rise fueled by its vast renewable energy resources, a forward-thinking regulatory environment, and a series of strategic international partnerships. These elements are collectively shaping the nation into a prominent hub for sustainable Bitcoin mining within Latin America's expanding digital asset landscape.

Recent key developments highlight this trajectory. On July 3, Tether announced a significant collaboration with Adecoagro S.A., a major South American agribusiness.

This partnership aims to explore Bitcoin mining by harnessing Adecoagro's substantial 230 MW of clean energy capacity. Additionally, Central Asian mining firm Enegix Global signed a Memorandum of Understanding on July 7 to establish a state-of-the-art data center in Piauí, further underscoring Brazil's growing appeal.

Brazil's robust regulatory framework is a crucial catalyst for its mining boom. Since August 2019, the Central Bank of Brazil (BCB) has formally classified crypto mining as a legitimate economic activity, and a temporary reduction in import taxes on SHA256-based mining equipment (effective until December 31, 2025) has made hardware acquisition more accessible.

While the sector faces potential challenges like proposed tax increases, Brazil's proactive integration of clean energy with innovative mining practices is not only strengthening its digital economy but also establishing it as a global benchmark for responsible digital asset development.

🗞️ In the News

• 🏃 MARA Plans $1B Debt Sale for BTC & Operations

  MARA plans to raise up to $1b through the offering of zero-interest convertible senior notes to repurchase existing debt, acquire more BTC, and cover general corporate expenses.

• 🐝 HIVE Accelerates AI Pivot with $100m HPC Target

  HIVE is accelerating its transition from a Bitcoin mining company to a high-performance computing (HPC) services provider, targeting $100 million in annual revenue by 2026 through strategic expansions and leveraging advanced AI chips.

• 🧑‍🌾 Bitfarms Announces Share Buyback amid HPC Pivot

  Bitfarms will repurchase up to 10% of its shares over the next year, reflecting management's belief that its stock is undervalued and emphasizing its strategic pivot towards HPC and AI data centers, leveraging its energy portfolio in Pennsylvania for future growth.

• ⚫️ Bitzero Raises $25m for AI & HPC Expansion

  Bitzero has secured $25m in funding to expand its HPC and AI data center operations.

• 👷 BitMine Gobbles Over $2b in ETH in 16 days
  BitMine has rapidly acquired over $2b worth of ETH in 16 days, becoming the largest ETH treasury firm and aiming to hold 5% of the total ETH supply.

• 💼 DMG Explores Active BTC Treasury Strategy
  DMG Blockchain Solutions is developing a digital asset treasury strategy to actively manage and grow its Bitcoin holdings, using its integrated mining infrastructure and regulated custody platform, Systemic Trust Company, for both proprietary and client assets.

• 🔴 Mawson CEO Fired for Cause Amid Fraud Accusations
  Mawson Infrastructure terminated its CEO and President, Rahul Mewawalla, for cause, accusing him of breaching fiduciary duties and committing fraud. The company has filed a lawsuit in Delaware seeking to recover damages, just months after awarding Mewawalla significant bonuses and praising his "high-performing" executive contributions. Mewawalla denies the accusations, citing the company's prior public commendations of his leadership and financial achievements.

🗞️ Miner Updates

🐝 HIVE Digital Technologies Surpasses 13 EH/s

• HIVE Digital Technologies has surpassed 13 EH/s in global Bitcoin mining hashrate, now mining over 6.5 BTC daily.

• This significant growth is primarily attributed to the deployment of next-generation hydro-cooled Bitcoin mining facilities in Phase 2 at Yguazú, Paraguay.

• Over 2 EH/s of Bitmain S21+ Hydro ASIC miners are already active in Phase 2, with full deployment expected to bring this phase to approximately 6.5 EH/s.

• HIVE's near-term goal is to reach a total global hashpower of 18 EH/s by the end of August 2025.

• The new Bitmain S21+ Hydro miners, with an efficiency of 15 J/TH, are expected to drastically improve HIVE's global average ASIC fleet efficiency from roughly 20 J/TH (at 11.5 EH/s) to 18.5 J/TH upon completion of Phase 2 (at 18 EH/s), which will directly lower Bitcoin production costs.

• The company has achieved $300m in ARR from Bitcoin mining and HPC operations, with profit margins of approximately 55%.

• HIVE has a fully-funded expansion strategy targeting 25 EH/s by U.S. Thanksgiving 2025.

• At scale, the company projects $400m ARR at 18 EH/s (with around 60% mining margins) and $550m ARR at 25 EH/s (with similar margins and an estimated 17.5 J/TH efficiency).