Tether and Adecoagro to mine Bitcoin in Brazil
Date: 2025-07-04 Author: Henry Casey Categories: BUSINESS
The stablecoin issuer Tether and the agro-industrial holding Adecoagro intend to launch a joint project to mine Bitcoin in South America. The companies have already signed a memorandum of understanding and plan to focus on the use of clean energy. Adecoagro owns power generating units with a total capacity of 230 MW, which will allow it to efficiently process excess energy.
For Adecoagro, participation in mining is a way to get additional profit from unused energy resources and reduce fluctuations in electricity prices. At the moment, the company sells surplus on the spot market, but now plans to store part of the mined bitcoins on its own balance sheet. The management of the agroholding considers the first cryptocurrency a promising asset, comparable in importance to agricultural land.
Tether, in turn, sees the new project as part of its strategy to develop infrastructure for sustainable mining. According to Tether CEO Paolo Ardoino, the initiative highlights the possibilities of integrating renewable energy with digital technologies and financial solutions.
“This collaboration is the next stage of our work to create mining farms that operate exclusively on clean energy. We believe that agriculture and energy production can be organically combined with modern blockchain technologies,” Ardoino commented.
This project is overseen by Tether’s head of business initiatives, who also serves as the chairman of the board of directors of Adecoagro, Juan Sartori. To monitor the fairness of the deal, Adecoagro has created an independent committee, which has agreed to launch the pilot program.
The mining capacity will be managed through its own operating system Tether Mining OS. In the coming months, the developers plan to open the source code of this system, which will allow third-party specialists to adapt it to different conditions and tasks.
Tether also recently entered into a memorandum of understanding with the government of Zanzibar, which demonstrates the company’s commitment to actively participating in the development of digital infrastructure in different regions of the world.
The initiative in Brazil demonstrates that major cryptocurrency players are looking for new ways to mine sustainably, prioritizing environmentally friendly technologies and cost-effective energy use.
