Itaú Unibanco, by means of its enterprise capital arm Itaú Ventures, has made an undisclosed funding in Minter, an organization that installs cellular knowledge facilities and bitcoin mining operations all through Brazil. Minter’s strategy permits you to harness extra power that may in any other case be wasted.
Key takeaways:
- Itau Ventures invested as much as $10 million in Minter for cellular knowledge facilities that mine bitcoins.
- Brazil misplaced $1.2 billion because of a 20% power discount in 2025, a market Minter is concentrating on.
- CEO Stefano Sergole plans to extend Minter to 500 MW of capability by 2029 in Brazil and the US.
Brazil’s Itaú invests in Bitcoin and knowledge heart firm Minter
Itaú, considered one of Brazil’s largest banks, has turned its sights to bitcoin mining and knowledge facilities.
In keeping with native media, Itaú Ventures, the financial institution’s funding arm, has made an undisclosed funding in Minter. This firm seeks to resolve one of many largest issues in inexperienced power installations: discount.
Minter takes {hardware} that’s usually confined to a set location and combines it with cellular containers, turning these actions into initiatives that may be executed immediately the place renewable power is generated.
The funding, which reaches as much as $10 million, positions Minter as a substitute for all power producers searching for to reap the benefits of power that may be wasted or not produced, backed by the Itaú identify.
“The Itaú seal helps power mills really feel snug by opening their minds to the truth that a versatile knowledge heart inside the parks generally is a portfolio technique.” mentioned Stefano Sergole, CEO and founding father of Minter.
Whereas the corporate is serving one buyer in the mean time, Sergole estimates that by the top of this yr, Minter may attain a capability of 40 MW in its operations, and that the determine will improve to 500 MW by 2029.
With the help of Itaú, Minter intends to increase in Brazil and the USA. In 2025, Brazil decreased its photo voltaic and wind power manufacturing by 20%, with losses of $1.2 billion. In the USA, Amperon estimated that the discount would attain 20 million MWh in 2024 and declared that the phenomenon was “exploding.”
This leaves Minter, as a supplier of cellular knowledge heart companies and bitcoin mining {hardware}, going through a multi-billion greenback addressable market, with the objective of changing this unused power into precious merchandise, equivalent to bitcoin.
“For our versatile mannequin, it has been extra worthwhile to place ourselves in bitcoin mining,” mentioned Sergole, highlighting the relevance of cryptocurrencies and bitcoins to Minter’s enterprise mannequin.
