Tether and Adecoagro Sign MoU to Explore Bitcoin Mining Using Renewable Energy
Tether Holdings Ltd. and Adecoagro S.A. have signed a memorandum of understanding to explore a joint bitcoin mining initiative powered by renewable energy in South America, the companies announced Thursday. The project aims to evaluate the feasibility of using Adecoagro’s surplus renewable energy to power bitcoin mining operations. The initiative is part of a broader effort to align agricultural energy production with emerging digital infrastructure needs. Adecoagro, listed on the New York Stock Exchange, operates over 230 megawatts of renewable energy capacity across South America. The company views this initiative as an opportunity to diversify its energy strategy and stabilize income streams by offsetting spot market energy sales with bitcoin mining revenues. Tether, issuer of the USDT stablecoin and a major participant in digital asset markets, brings mining experience and technology to the collaboration. The company has been expanding its presence in the bitcoin mining space, particularly with a focus on renewable-powered infrastructure. Renewable Power Meets Digital Infrastructure The collaboration will assess how renewable assets, such as bioenergy and hydropower, can support bitcoin mining while promoting grid stability. Adecoagro said the project could serve as a hedge against energy market volatility and offer strategic exposure to digital assets. We’re excited to explore innovative ways to maximize the value of our renewable energy assets,” said Mariano Bosch, Co-Founder and Chief Executive Officer 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. Juan Sartori, chairman of Adecoagro’s board and also Head of Business Initiatives at Tether, described the venture as a convergence of agriculture, energy, and technology. He stated, “This collaboration between Adecoagro and Tether allows us to explore a new intersection between agriculture, energy, and technology.” The initial phase is a pilot project, reviewed and approved by Adecoagro’s independent committee, in accordance with its bylaws governing related-party transactions. Specific financial terms and timelines have not been disclosed. Tether to Deploy Mining OS, Plans Open Source Release Tether will provide the mining software platform for the site using its proprietary Mining OS. The system is designed to support site management and operational transparency. According to the announcement, the software will be open-sourced in the coming months. Both companies said additional updates will be provided as the project progresses. Adecoagro operates agricultural, energy, and food production assets across Argentina, Brazil, and Uruguay. Tether continues to expand into sectors beyond digital assets as part of a broader strategy to support decentralized networks and sustainable energy systems. The project is one of several recent initiatives by Tether to integrate bitcoin mining with renewable infrastructure across different regions.