Tether Partners with Adecoagro for 6.9 EH/s Bitcoin Mining in Brazil

Tether Holdings Ltd., the issuer of the USDT stablecoin, has entered into a strategic partnership with South American agribusiness firm Adecoagro S.A. The collaboration, formalized through a memorandum of understanding (MoU), aims to launch a Bitcoin mining pilot project in Brazil. This initiative leverages Adecoagro's renewable energy capabilities and Tether's expertise in digital assets.

Adecoagro, a Nasdaq-listed company with significant operations in Argentina, Brazil, and Uruguay, currently manages over 230 megawatts of electrical generation capacity sourced from renewable energy. The pilot project will utilize Tether’s proprietary Mining OS, a mining site management software that Tether plans to open-source in the coming months. Adecoagro’s Independent Committee has reviewed and approved the initiative, viewing it as a means to diversify its balance sheet with digital assets like Bitcoin.

Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro, expressed enthusiasm about the partnership, stating, “We’re excited to explore innovative ways to maximize the value of our renewable energy assets.” Bosch highlighted that the collaboration could stabilize the pricing of energy sold on the spot market while providing exposure to Bitcoin’s potential upside. Tether CEO Paolo Ardoino echoed this sentiment, emphasizing the synergy between Adecoagro’s agricultural energy infrastructure and Tether’s mining operations. “This project is another step in our growing commitment to renewable-powered bitcoin mining,” Ardoino said. “It highlights the potential to align agricultural energy production with cutting-edge digital infrastructure.”

Adecoagro’s 230 megawatts of power capacity could support a significant Bitcoin mining operation, deploying thousands of ASIC machines. At this scale, the operation could reach a hash rate of approximately 6.9 exahashes per second (EH/s), roughly 1.6% of the Bitcoin network’s total hash rate. Given the current mining difficulty and an average block reward of 3.125 BTC post-halving, the setup could mine a full block approximately once every 2 to 3 days. If efficiently managed and powered by low-cost renewable energy, Adecoagro’s facilities could rank among the world’s largest industrial-scale mining operations.

Ardoino believes that Tether will become the biggest Bitcoin miner by the end of 2025. Tether recently disclosed that it holds more than 100,000 BTC, worth over $10 billion. This partnership with Adecoagro is part of Tether’s broader strategy to expand its presence in the renewable energy-powered Bitcoin mining sector.

In addition to its collaboration with Adecoagro, Tether has also announced a partnership with the Zanzibar eGovernment Authority. This initiative aims to improve financial inclusion and blockchain education on the islands. Tether plans to work with educational institutions in Zanzibar to incorporate blockchain and digital asset knowledge into school and university curricula. This effort could help citizens gain knowledge about decentralized technologies and encourage the development of a local digital economy. Tether also intends to integrate its stablecoins, including the US dollar-pegged USDT and gold-backed XAUT, into ZanMalipo, Zanzibar’s government-controlled digital payments platform. Through ZanMalipo, local users can legally engage with digital currencies directly through an official channel. Ardoino stated that this MOU reflects Tether’s commitment to advancing financial literacy and sustainable blockchain innovation in Africa. By investing in educational initiatives and integrating digital assets into formal systems, Tether is helping lay the foundation for a compliant and inclusive financial future.