The partnership between the two companies aims to explore the use of over 230 MW of sustainable generation capacity for Bitcoin mining.
Tether and Adecoagro, an agro-industrial company primarily active in South America, have signed a preliminary agreement to explore collaboration in the field of Bitcoin mining powered by renewable energy. The agreement, formalized through a Memorandum of Understanding (MoU), represents a further step toward integrating mining with sustainable energy infrastructure.
The Bitcoin mining sector is increasingly focusing on renewable energy sources. This project fits into a global context where mining is seen as a tool to optimize excess energy use and stabilize power grids.
Mariano Bosch, co-founder and CEO of Adecoagro, commented:
“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.”
The partnership marks a further expansion of Tether’s strategy in the mining sector. Paolo Ardoino, CEO of Tether, stated:
”Tether brings to the initiative its extensive experience in the bitcoin ecosystem, backed by a rapidly expanding portfolio of sustainable mining initiatives across multiple regions.”
The project enables Adecoagro to evaluate mining as an alternative demand for its production capacity. The South American company has over 230 MW of renewable electricity generation capacity distributed across the continent.
From an operational perspective, the project will use Tether’s mining operating system to manage the site, a platform that will be made open-source in the coming months.
