Jun 20, 2025 | Posted by Abdul-Rahman Oladimeji
Bitcoin-focused data center firm Enegix Global has signed a memorandum of understanding (MoU) with local authorities in the Brazilian state of Piauí to build a 100MW data center. The planned facility is expected to cost up to $120 million and will run on idle state grid energy, with a project completion forecast of between four to six years.
The decision was reached at the Brazil Energy Conference 2025 in Teresina, as the result of collaborative efforts between Enegix, the European Chamber of Support to Foreign Investors (CEAIE), and the Piauí state investment wing, Investe Piauí.
Government incentives, such as eliminating import tax on mining equipment, along with cheap pricing, have created a welcoming landscape for Bitcoin mining firms, as hinted at by Mário Palombini, Brazilian partner at Enegix.
"Given the conditions that Brazil is creating from the point of view of green energy generation, there is a very strong possibility that we will also install it here in Piauí now," said Palombini.
Daniel Martins, commercial director in European Markets at Investe Piauí added: "The project will not only position Piauí in the global cryptocurrency market, but will also bring significant economic impacts. The operation will generate taxes and revenue for the state, as well as opportunities in infrastructure and civil construction," said Martins.
