Tether Partners with Adecoagro for Renewable Bitcoin Mining in Brazil

Tether, the company behind the stablecoin USDT and a prominent figure in the cryptocurrency industry, has announced a significant collaboration with Adecoagro, a sustainable production company based in Latin America. The partnership, formalized through a memorandum of understanding (MoU), aims to leverage renewable energy for Bitcoin mining in Brazil. This initiative underscores the growing trend of utilizing surplus energy for Bitcoin mining, which not only helps stabilize power grids but also promotes the adoption of decentralized networks.

The collaboration between Tether and Adecoagro is expected to bring about several benefits. For Adecoagro, this partnership provides an opportunity to explore innovative ways to maximize the use of its renewable energy assets. The South American agribusiness company, which has a renewable electricity generation capacity exceeding 230 MW, sees Bitcoin mining as a means to monetize surplus energy and add Bitcoin to its balance sheet. According to Mariano Bosch, co-founder and chief executive officer of Adecoagro, this project will help stabilize a portion of the energy currently sold on the spot market, lock in pricing, and gain exposure to the upside potential of Bitcoin.

Tether, on the other hand, will play a central role in Adecoagro’s strategy to integrate Bitcoin mining with its renewable energy production. Paolo Ardoino, chief executive officer of Tether, highlighted the potential of this model to drive financial inclusion, promote energy efficiency, and serve as a blueprint for responsible innovation at the intersection of technology and sustainability. This project aligns with Tether’s growing commitment to renewable-powered Bitcoin mining and its broader strategic focus on artificial intelligence, infrastructure investment, and blockchain education.

The partnership between Tether and Adecoagro comes at a time when the cryptocurrency industry is increasingly looking for ways to integrate with traditional sectors. This collaboration is part of Tether’s broader efforts to bolster crypto adoption with governments and companies. The company has inked multiple deals aimed at expanding the use of stablecoins and promoting the adoption of blockchain technology. The latest partnership with Adecoagro is a testament to Tether’s commitment to leveraging renewable energy for Bitcoin mining, a trend that is likely to gain more traction in the coming years.