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Brazil is promoting large-scale bitcoin mining projects through tax incentives for data centers, despite the absence of specific environmental regulations. Notable initiatives include Renova Energia's $200 million project set to begin operations in 2026, alongside similar efforts from other renewable energy firms. The government's tariff exemption program for mining machines until 2027 aims to encourage renewable energy use, raising concerns about the environmental impacts amid ongoing debates over the sustainability of the legal framework for virtual assets.