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Olá pessoal!
Today’s interview is with Rudá Pellini, co-founder of Brazilian-born bitcoin mining company Arthur Inc.
We dive into Arthur's expanding operations in the US, the evolution of the bitcoin mining business model and the challenges that would-be bitcoin miners face in Brazil.
We also talk about Rudá’s journey from the Brazilian Army to bitcoin entrepreneur.
Key themes from this conversation include:
The transformation of Bitcoin mining from a niche investment to a diversified business model
The importance of energy management and grid balancing in mining operations
Arthur’s new 15 megawatt mining facility in Oklahoma
The state of mining in Brazil and other Latin American countries
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Pellini traces Arthur's journey from its beginnings in 2017 to its current status as a significant player in the US mining scene. In total, the company now operates facilities in Ohio, Wyoming, and Oklahoma, with plans to reach 50 megawatts of capacity in the coming months.
A key focus of the discussion is the changing nature of mining operations. Pelini emphasizes how miners are increasingly partnering with energy providers, participating in demand response programs, and exploring new revenue streams such as hosting services and AI computing.
We also touch on the state of the Brazilian market, where despite abundant and increasingly affordable energy, high import taxes on mining equipment remain a significant barrier. Pellini describes how Arthur is working to overcome these challenges, including exploring local assembly of ASICs to reduce costs.
Pellini also talks about the broader Latin American context, noting recent developments in Paraguay and potential opportunities in countries like Argentina and El Salvador.
I really enjoyed this conversation with Rudá and I hope you do as well. You can connect with him on Linkedin
Have a great weekend everyone!
-AWS
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Episode #114: Bitcoin Mining from Brazil to the US with Rudá Pellini