Adecoagro to Utilize 230 MW Renewable Capacity for Bitcoin Mining in Partnership with Tether

Brazil – Tether Holdings, a prominent digital asset company, and Adecoagro S.A., a leading South American sustainable production firm, have announced a strategic collaboration to explore renewable energy-powered Bitcoin mining in Brazil. The partnership, formalized through a Memorandum of Understanding (MoU), aims to leverage Adecoagro's substantial renewable energy generation capacity to monetize surplus power and integrate it into the digital economy.

The initiative seeks to utilize Adecoagro's more than 230 megawatts (MW) of electrical generation capacity from renewable sources across South America. This project will allow Adecoagro to assess Bitcoin mining as an alternative demand for its energy, stabilizing pricing for power currently sold on the volatile spot market. The company also plans to gain strategic exposure to Bitcoin by incorporating it onto its balance sheet.

Mariano Bosch, Co-Founder and CEO of Adecoagro, stated, "We're excited to explore innovative ways to maximize the value of our renewable energy assets. This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to the upside potential of bitcoin."

Tether, known as the issuer of the world's largest stablecoin, brings extensive experience in the Bitcoin ecosystem to the partnership. Paolo Ardoino, CEO of Tether, emphasized the company's commitment to sustainable mining, saying, "This project is another step in our growing commitment to renewable-powered bitcoin mining and highlights the potential to align agricultural energy production with cutting-edge digital infrastructure."

The pilot project will operate using Tether's proprietary Mining OS for site management, a software platform that Tether plans to open-source in the coming months. This collaboration underscores a growing trend of integrating sustainable energy production with digital asset infrastructure, aiming for greater efficiency and financial innovation. Both companies anticipate providing further updates as the project progresses.