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 Bitcoin mining hub in Parnaíba 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.

Enegix Global currently runs two Bitcoin mining data centers in Kazakhstan with a combined power draw of 190MW, and the potential to expand by another 100MW. The company has also acquired a natural gas processing plant with a view to running off-grid mining sites based on gas, with a potential for up to 400MW.

The mining enterprise would reportedly involve a plug-and-play setup, with equipment delivered and installed in pre-built containers that house the necessary hardware.

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.

Brazil has seen its renewable energy capacity increase in recent years, but is now faced with the common problem of waste energy during low-usage times.

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, highlighted the potential economic benefits the deal would bring to the Brazilian state.

"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.

A version of this story appeared on our Portuguese edition.