Tether Partners Adecoagro for Renewable-Powered Bitcoin Mining in Brazil

Tether Holdings, the world's largest stablecoin issuer, has signed a memorandum of understanding with NYSE-listed Adecoagro (AGRO) to explore Bitcoin mining operations powered by renewable energy across South America's agricultural heartland.

The strategic partnership aims to leverage Adecoagro's extensive renewable energy infrastructure - over 230 MW of electrical generation capacity from clean sources - to support Bitcoin mining operations while monetizing surplus energy production from the company's agricultural operations, according to a statement published Thursday.

Strategic Energy Monetization

Adecoagro, which owns 210,400 hectares of farmland across Argentina, Brazil, and Uruguay, currently sells excess renewable energy on spot markets. The Bitcoin mining collaboration offers an opportunity to stabilize energy revenues through long-term pricing agreements while gaining exposure to Bitcoin's potential upside.

"We're excited to explore innovative ways to maximize the value of our renewable energy assets," said Mariano Bosch, Co-Founder and CEO of Adecoagro. "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 represents a growing trend of traditional energy producers turning to Bitcoin mining as a way to monetize stranded or surplus renewable energy capacity, particularly in regions where grid infrastructure may be limited or where energy prices are volatile.

Tether's Mining Expansion

For Tether, the deal marks another step in its aggressive expansion into Bitcoin mining infrastructure. The company has been building a portfolio of sustainable mining initiatives across multiple regions as part of its long-term strategy to support decentralized networks and energy resilience.

"This project is another step in our growing commitment to renewable-powered bitcoin mining and highlights the potential to align agricultural energy production with cutting-edge digital infrastructure," said Paolo Ardoino, CEO of Tether. "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."

The operations will utilize Tether's Mining OS for site management, which the company plans to open-source in the coming months, potentially allowing other agricultural producers to replicate the model.

Balance Sheet Strategy

Beyond energy monetization, Adecoagro indicated the mining project will serve as a vehicle for strategic Bitcoin exposure on its balance sheet. The company views Bitcoin as a potential long-term store of value similar to its farmland assets, representing a novel approach to treasury management for agricultural companies.

The move comes as more corporations explore Bitcoin as a treasury asset, though Adecoagro's approach of using excess renewable energy to mine Bitcoin rather than purchasing it directly offers a unique operational hedge.