Tether to Mine Bitcoin With Adecoagro in Brazil Using Surplus Renewable Energy | Breaking Crypto News & Blockchain Updates

Tether to Mine Bitcoin With Adecoagro in Brazil Using Surplus Renewable Energy — Tether, the digital asset company behind the world’s largest stablecoin USDTUSDT$1.0003, is exploring renewable energy-powered bitcoinBTC$109,666.73mi...

Tether, the digital asset company behind the world’s largest stablecoin USDTUSDT$1.0003, is exploring renewable energy-powered bitcoinBTC$109,666.73mining with South American agribusiness firm Adecoagro(AGRO)in Brazil.

The firms have signed a strategic partnership for a pilot project to use Adecoagro's surplus energy to operate mining facilities and may also add BTC to Adecoagro's balance sheet in the future, according to a Thursdaypress release.

Adecoagro, in which Tetheracquireda 70% stake, has 230 megawatt in power generation capacity across South America. The company is a prominent food producer in the region and owns sugar mills, rice farms and dairy operations.

"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," said Mariano Bosch, co-founder and CEO of Adecoagro.

The move underscores Tether's growing ambition in bitcoin mining following its previous investments in mining facility in the region. The firm said it has developed an operating system software for miners called Tether Mining OS, with plans to make it open source in the next months.

CEO Paolo Ardoinosaidat the Bitcoin 2025 conference in May that Tether "will be the biggest bitcoin miner by the end of this year" and has invested $2 billion in energy production and mining operations.

Read more:NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human.Read more about CoinDesk's AI Policy.

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