Tether and Adecoagro Join Forces for Sustainable Bitcoin Mining
Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with Adecoagro SA to explore a strategic partnership focused on bitcoin mining using renewable energy, according to a July 3 announcement.
Adecoagro, one of South America's leading producers of organic agricultural commodities and energy, is looking at how its more than 230 MW of renewable energy could be used to support energy-intensive industries such as Bitcoin mining.
Mariano Bosch, CEO of Adecoagro, said:
“This project opens up the opportunity to stabilize some of the energy we currently sell on the spot market, locking in prices while also providing access to Bitcoin’s growth potential.”
The cooperation will focus on optimising the production of excess energy and developing new models of digital infrastructure related to clean energy sources.
Adecoagro also sees the initiative as a way to gradually introduce Bitcoin into its corporate balance sheet, viewing it as a potential store of value similar to its farmland.
The mining pilot will run on Tether's own Mining OS, a site management platform whose source code is expected to be released to the public in the coming months.
Tether CEO Paolo Ardoino noted that the initiative demonstrates the company's commitment to responsible bitcoin mining.
He added:
This project is another step in our growing commitment to renewable energy bitcoin mining. It highlights the potential of integrating agricultural energy production with advanced digital infrastructure. We believe this model can help improve financial inclusion, increase energy efficiency, and serve as an example of responsible innovation at the intersection of technology and sustainability.
At the same time, this MoU builds on a recent deal agreement between the two companies, under which Tether may acquire approximately 70% of Adecoagro's outstanding shares.
The deal marks a deeper strategic partnership as the two companies explore ways to combine traditional infrastructure with blockchain-based technologies.
The move comes amid Tether's broader efforts to diversify its business beyond USDT, the world's largest stablecoin with a market cap exceeding $158 billion.
The company has recently been actively developing artificial intelligence, cryptocurrency education, and scalable mining infrastructure as part of its expanding digital strategy.
Source: cryptonews.net
