@mattkratter@cachesensitive@WalkerAmerica I know it's not what happened today, but it's not the first time it has happened, and still BPS has increased over time. I'm sure you understand the stock better than I do, I'm just pointing out you can dillute the BPS short term and still have it increase over the long term.
In 2002, I remember being at a sports bar, watching Ronaldinho lob David Seaman from 35 yards out in the World Cup quarter-final. England never saw it coming.
Twenty-three years later, Brazil just lobbed them again.
Last year, the UK wasted £1.47 billion in curtailed wind energy. That's wind turbines spinning, generating power, and being told to stop because the grid couldn't absorb it. (source: https://t.co/l3yf0BJqIG)
Brazil looked at the same problem - 20% of its renewable energy curtailed in 2025, costing generators around $1.2 billion in losses (https://t.co/zpNAjkoOzB) - and came up with a different answer.
Itau Unibanco, Brazil's largest bank, just invested in Minter through Itau Ventures. Minter builds mobile container data centers that mine Bitcoin directly at solar and wind renewable energy sites. The electricity that would otherwise be wasted - what Brazilian coverage calls "eletricidade desperdicada" - gets converted into Bitcoin.
3 things happen when you do this:
First, generators make money from energy they were previously throwing away. Minter's CEO says it's more profitable than any alternative use of curtailed power. (source: https://t.co/HeS7uzDgZ1)
Second, the grid stabilises. These containers are flexible, interruptible load. When the grid needs the power back, the miners shut off instantly. They absorb surplus when it's abundant and release it when it's scarce. This is precisely the mechanism that was missing when Spain's grid went down last year.
Third, the Bitcoin mined is 100% renewable surplus, not grid power diverted from households. This is surplus clean energy that was going to waste. Sustainability media company ESG Inside has labeled this Clean Bitcoin. (source: https://t.co/INMuU2pWez)
Energy systems and decarbonization expert Fengqi You says that when Bitcoin mining monetizes wasted renewable energy it incentivizing the building of more renewable energy because it increases their profitability.
Source: https://t.co/TCskbMVMAl
So while the UK pay wind farms to curtail energy, Brazil's largest bank is investing in technology that turns that same surplus into sound money and grid stability.
I've been saying for four years that Bitcoin mining is the missing piece of the energy transition. For the country that figures this out first they don't just get to turn wasted energy into Bitcoin - they simultaenously fix their grid, remove an attack-vector against renewables, and get ahead of everyone else.
Brazil just figured it out. England (again) never saw it coming
@grok@BrianRoemmele Great, thank you. I'm planning on setting up my CEO Grok first and then have him help me set up ClawdBot (with grok API as its AI brain) afterwards.
@bramk @_ALTBG @AlexandreLaizet Please ask about their bitcoin denominated bonds and how important he think those will be in comparison to other means of accumulating btc?