Engie

Engie

2026-07-04 06:30:14

French Energy Giant Engie Eyes Bitcoin Mining at Brazil Mega Solar Project

French utility giant Engie is evaluating battery storage or bitcoin mining data centers at its newly launched 895-megawatt-peak Assu Sol solar plant in Brazil to reduce curtailment losses and improve project economics. The move comes as bitcoin miners themselves increasingly pivot toward AI infrastructure, with firms like Bitfarms, IREN and Bitdeer repurposing mining sites for GPU-based computing.

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Engie

2026-07-03 01:00:14

French Energy Giant Engie Eyes Bitcoin Mining in Brazil Solar Project, Miners Pivot to AI

French utility giant Engie is considering deploying battery storage or a bitcoin mining data center at its 895-MW Assu Sol solar plant in Brazil to offset curtailment losses. Meanwhile, bitcoin miners are pivoting to AI: Bitfarms plans to shut down mining by 2026-27 and convert its Washington facility into an AI GPU-as-a-Service hub backed by a $128 million upgrade; IREN secured multi-billion-dollar GPU cloud deals with Microsoft; Bitdeer liquidated its entire 2,000 BTC treasury to fund AI infrastructure, deploying NVIDIA GB200 NVL72 systems in Malaysia. The article analyzes stranded power utilization and the industry-wide shift from mining to AI.

780

Engie

2026-07-03 00:45:14

French Energy Giant Engie Considers Bitcoin Mining at Brazil Mega Solar Plant Amid Curtailment Woes

French utility Engie is exploring battery storage or bitcoin mining data centers at its 895-MWp Assu Sol solar plant in Brazil to offset mounting curtailment losses. Since 2023, renewable curtailment in Brazil has caused billions of reais in lost revenue. Engie's country manager said implementation would take years. Concurrently, a growing number of bitcoin miners are pivoting to AI: Bitfarms plans to wind down mining by 2026-27 and convert its Washington facility to AI, IREN signed multi-billion-dollar GPU cloud deals with Microsoft, and Bitdeer liquidated its entire bitcoin treasury to focus on AI infrastructure.

690

Brazil

2026-07-02 04:00:14

Brazil Enacts Law to Use Seized Crypto for Public Security and Advances Strategic Bitcoin Reserve

Brazilian President Luiz Inácio Lula da Silva signed Law No. 15.358, authorizing law enforcement to freeze, seize, and provisionally use confiscated cryptoassets, even before final convictions, to fund police operations, intelligence work, and officer training, targeting violent criminal organizations, paramilitary groups, and private militias. The law broadens the definition of crimes, increases penalties for obstructing police or using encrypted communication tools, and allows authorities to suspend access to exchanges and digital wallets. It also establishes a national criminal database and facilitates international cooperation for asset recovery. Separately, in February 2026, lawmakers reintroduced a bill to create a Strategic Sovereign Bitcoin Reserve (RESBit) aiming to gradually acquire one million bitcoins over five years, prohibiting the sale of seized bitcoins, allowing tax payments in Bitcoin, and encouraging public companies to mine and store Bitcoin. French utility Engie is considering adding battery storage or Bitcoin mining data centers at its 895-MW Assu Sol solar plant in Brazil to offset curtailment losses.

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