Tether and Adecoagro Partner to Explore Bitcoin Mining Using Renewable Energy

Tether, the biggest company in the digital asset industry, and Adecoagro, a leading sustainable production company in South America, have signed a Memorandum of Understanding (MoU). They plan to work together on a bitcoin mining project.

Mariano Bosch, CEO of Adecoagro, said they are excited to find new ways to use their renewable energy better. He said this project could help them stabilize energy prices and benefit from the rising value of bitcoin.

Tether will bring its experience in bitcoin mining and its growing number of green energy projects to this partnership. Paolo Ardoino, CEO of Tether, said the partnership supports their goal to build strong energy systems and support decentralized networks.

Juan Sartori, Head of Business Initiatives at Tether and Chairman of Adecoagro, said this project connects agriculture, energy, and technology. He believes it could help improve energy use and make their energy strategy more diverse and responsible.

Adecoagro has over 230 megawatts of renewable energy capacity in South America. This project will test if bitcoin mining can be a good use for that energy.

Tether’s Mining OS will manage the site operations. This software will be made open source soon.

The pilot project has been reviewed and approved by Adecoagro’s Independent Committee, following company rules for related party deals.