Itau Ventures Invests in Minter for Bitcoin Mining and Data Centers
- Itau Ventures invested up to $10 million in Minter for mobile data centers that mine bitcoin.
- Brazil lost $1.2 billion due to a 20% energy curtailment in renewable energy in 2025, a market Minter aims to address.
- Minter plans to expand its capacity to reach up to 500MW by the year of completion, targeting both Brazil and the U.S.
Minter, backed by Itau’s investment, seeks to capitalize on unused renewable energy through mobile data centers and mining operations. The company’s innovative approach addresses significant energy losses in Brazil’s renewable sector.
With Itau’s support, Minter aims to convert wasted energy into valuable products like bitcoin, potentially tapping into a billion-dollar market opportunity. (Source)
