Tether Partners with Adecoagro for 230 MW Renewable Bitcoin Mining in Brazil

Tether, the issuer of the largest stablecoin in the world, has entered into a Memorandum of Understanding (MoU) with South America’s leading sustainable agriculture firm, Adecoagro. The two companies are partnering to pilot a renewable energy‑powered Bitcoin mining operation in Brazil, a move aimed at increasing the sustainability of crypto operations. The collaboration will repurpose 230 MW of renewable energy for Bitcoin mining, shifting excess electricity from the spot market to mining. This initiative aims to promote sustainable crypto practices in South America.

Adecoagro owns and operates an impressive 230 MW of renewable energy assets across Brazil. These include hydropower, solar, and biomass installations. Under the terms of the MoU, a portion of this clean energy—formerly sold on the open spot market—will instead power Bitcoin mining rigs. This will allow mining operations to benefit from stable, eco‑friendly electricity, while also offering Adecoagro new revenue diversification opportunities. The project, which is part of a broader commitment to renewable-powered Bitcoin mining, will utilize Adecoagro's 230 megawatts of electrical generation capacity sourced from renewables. This initiative not only seeks to monetize surplus energy but also to diversify Adecoagro's balance sheet with digital assets like Bitcoin. The partnership will employ Tether's proprietary Mining OS, a mining site management software that will be open-sourced in the coming months. This software will enable optimized energy allocation and minimize spot-market price risks, ensuring a stable and cost-effective mining operation.

This collaboration aligns with the growing trend toward “green crypto mining.” By using renewables, the project minimizes environmental impact compared to traditional fossil‑fuel‑based mining. For Tether, it demonstrates a commitment to corporate sustainability and energy responsibility. Adecoagro, meanwhile, gains a partner to better leverage excess power generation and buffer against volatility in spot electricity prices. Additionally, by tapping into renewable energy reserves, the mining initiative strengthens Brazil’s position in the global Bitcoin mining landscape. It may also serve as a model for future renewable‑powered crypto projects in Latin America.

Adecoagro's Co-Founder and Chief Executive Officer, Mariano Bosch, expressed enthusiasm about the project, stating, "We’re excited to explore innovative ways to maximize the value of our renewable energy assets." Bosch highlighted that the partnership could stabilize the pricing of energy currently sold on the spot market while providing upside exposure to Bitcoin. This strategic move aligns with Adecoagro's commitment to sustainable food and energy production, as well as its goal to assess Bitcoin mining as an alternative source of demand for its existing power generation infrastructure. Tether CEO Paolo Ardoino emphasized the synergy between Adecoagro’s agricultural energy infrastructure and Tether’s portfolio of mining operations. "This project is another step in our growing commitment to renewable-powered Bitcoin mining," said Ardoino. "It highlights the potential to align agricultural energy production with cutting-edge digital infrastructure."

The collaboration between Tether and Adecoagro represents a significant step towards sustainable and efficient Bitcoin mining. By utilizing renewable energy sources and advanced mining technology, the project aims to set a new standard for environmentally friendly digital asset mining. This initiative not only benefits the environment but also provides a stable and profitable revenue stream for both companies, aligning with their respective goals of sustainability and innovation.