Brazil's Energy Glut Is Luring Crypto Miners—Here's Why That Could Be A Win-Win

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Brazil’s booming renewable energy sector has created an unexpected problem: too much clean electricity and nowhere to put it. Now, cryptocurrency miners are swooping in to tap that surplus power, potentially solving a billion-dollar headache for energy providers while fueling their own operations. Crypto mining companies are in active contract negotiations with Brazilian electricity providers like Renova E ...