Tether and Adecoagro Unite to Launch Bitcoin Mining Powered by Renewable Energy in Brazil

The issuer of the stablecoin Tether and the South American agro-holding Adecoagro have established a partnership focused on Bitcoin mining. The companies have signed a memorandum of understanding.

As part of the project, the partners will explore the use of renewable energy sources for Bitcoin mining. Adecoagro operates generating capacities totaling 230 MW in South America.

For the agro-holding, mining serves as a means to monetize excess energy and stabilize prices. Currently, the company sells a portion of its resources on the spot market. Adecoagro also plans to add the mined Bitcoins to its balance sheet, believing that Bitcoin can become a long-term asset comparable to agricultural land.

Tether’s CTO Paolo Ardoino stated that the initiative aligns with the company’s strategy to support energy infrastructure and foster mining using renewable resources.

“This project is another step in our commitment to Bitcoin mining powered by renewable energy. It highlights the potential to synergize energy production in agriculture with advanced digital infrastructure,” he emphasized.

The deal was overseen by the head of Tether’s business initiatives and the chairman of Adecoagro’s board, Juan Sartori. Due to the relationship between the parties, the pilot project received approval from Adecoagro’s independent committee.

The mining operation will be managed using Tether Mining OS, with plans to open-source the software in the coming months.

It is worth noting that on July 1, the issuer signed a memorandum of understanding with the Zanzibar Electronic Government Authority.