"Minter takes hardware that is normally confined to a fixed location and combines it with mobile containers, turning these activities into initiatives that can be executed directly where renewables are generated."
"The investment, reaching up to $10 million, positions Minter as an alternative for all energy producers seeking to leverage energy that would be wasted or not produced, backed by Itau's name."
"While the company is serving one customer at the moment, Sergole estimates that by the end of this year, Minter could reach 40MW capacity in its operations, with the number climbing to 500MW by 2029."
Itau Ventures has invested up to $10 million in Minter, a company that installs mobile data centers for bitcoin mining in Brazil. Minter addresses energy curtailment issues by utilizing surplus energy from renewable sources. Currently serving one customer, Minter aims to expand its capacity to 40MW by the end of the year and reach 500MW by 2029. The investment positions Minter as a viable option for energy producers looking to optimize wasted energy, supported by Itau's reputation in the market.
Read at news.bitcoin.com
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