Tether has signed a memorandum of understanding (MoU) with agro-energy conglomerate Adecoagro to explore a renewable-powered Bitcoin mining project in Brazil, leveraging 230 megawatts of clean energy across South America. The move marks a strategic step toward aligning crypto infrastructure with sustainable power sources in the Global South.
Tether and Adecoagro Join Forces in Brazil
The project, announced on July 3, aims to convert Adecoagro’s excess renewable energy—primarily from hydro and biomass—into a stable revenue stream by powering Bitcoin mining operations. Tether will provide its proprietary Mining OS to oversee infrastructure and operational efficiency. The system is also expected to be open-sourced in the coming months.
Mariano Bosch, co-founder and CEO of Adecoagro, sees the project as both a hedge and a tech-forward experiment:
“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 reflects a growing trend where energy producers are viewing Bitcoin mining as an alternative off-take strategy—one that can absorb surplus supply, stabilize pricing, and integrate digital assets into corporate balance sheets.
Renewable-Powered Bitcoin Mining Gains Traction
Tether CEO Paolo Ardoino emphasized that the initiative highlights the company’s broader mission to support decentralized systems with physical infrastructure:
“We believe this model can drive financial inclusion, promote energy efficiency, and serve as a blueprint for responsible innovation at the intersection of technology and sustainability.”
Juan Sartori, chairman of Adecoagro and a leading figure behind Tether’s business development, called the project a “convergence of agriculture, energy, and technology”, hinting at long-term synergy beyond simple mining operations.
The initial pilot has already been approved by Adecoagro’s Independent Committee under its related-party transaction policy, paving the way for further integration—potentially adding Bitcoin to Adecoagro’s balance sheet in a role similar to land assets.
Why Brazil Makes Sense
Brazil’s strong renewable energy mix—over 80% of electricity generation comes from hydro, biomass, and wind—makes it a logical hub for low-carbon crypto mining. As the environmental debate around Bitcoin intensifies, such initiatives could help reshape its reputation.
If successful, this could offer a template for sustainable crypto adoption in emerging markets with abundant clean energy, including neighboring countries like Paraguay and Argentina.
📌 FAQs
What makes Brazil attractive for crypto mining?
Brazil’s grid is predominantly powered by renewables, offering a clean and relatively stable energy source for mining operations.
Can this improve Bitcoin’s environmental image?
Yes—tying mining to clean energy sources can help counter criticisms of Bitcoin’s high carbon footprint, particularly if efforts are scaled across regions with renewable surpluses.
What are the risks?
Volatility in Bitcoin prices and changing regulatory landscapes pose financial and strategic risks, especially if mining becomes central to a company’s energy or treasury strategy.
