Macro· ★★· bearish·

Brazil's Lula wants energy for data centers and AI, putting Bitcoin mining at risk

  • —Lula's post-reelection agenda prioritizes power for data centers and AI
  • —Bitcoin miners in Brazil could lose access to part of the available capacity
  • —No concrete measures or timelines for restricting mining have been announced
Why it matters: Brazil is a significant mining market in Latin America, and shifting energy allocation could cut local hashrate and change the economics of mining farms there.
Source: CriptoNoticias