Brazil cuts import tariffs on Bitcoin mining rigs to 0%…expanding the use of renewable energy
Summary
- Brazil reported that it lowered the import tariff to 0% for SHA256 miners with at least 200 terahashes per second (TH/s) and energy efficiency below 20 joules (J/TH).
- It said the 0% tariff measure will be applied temporarily through January 31, 2028.
- The Brazilian government reported that it has established an institutional framework to allow surplus renewable electricity to be used for Bitcoin mining.
Forecast Trend Report by Period
Brazil has temporarily abolished import tariffs on high-efficiency Bitcoin (BTC) mining equipment.
According to Catena, a media outlet specializing in virtual assets (cryptocurrencies), Brazil’s Foreign Trade Chamber recently lowered the import tariff to 0% for SHA256 miners with a hash rate of at least 200 terahashes per second (TH/s) and energy efficiency below 20 joules (J/TH). The measure applies through January 31, 2028.
The Brazilian government said it has put an institutional framework in place to enable surplus renewable electricity to be used for mining. Brazil has recently faced a situation in which, despite the expansion of wind and solar generation, some power could not be sold due to transmission constraints.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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