Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with Adecoagro SA to explore strategic collaboration opportunities focused on bitcoin mining using renewable energy, according to a July 3 announcement.
Adecoagro, one of South America’s leading producers of organic agricultural products and energy, is analyzing how its more than 230 MW of renewable energy could be used to support energy-intensive sectors such as Bitcoin mining.
Mariano Bosch, CEO of Adecoagro, commented:
“This project provides an opportunity to stabilize some of the energy we currently sell on the spot market by locking in prices, while also gaining access to Bitcoin’s growth potential.”
The collaboration will focus on optimising the production of excess energy and developing new models of digital infrastructure linked to clean energy sources.
Adecoagro also sees the initiative as a way to gradually integrate Bitcoin into its corporate balance sheet, viewing it as a potential store of value similar to its farmland.
The mining pilot will be powered by Tether’s own Mining OS, a site management platform that is expected to be open sourced in the coming months.
Tether CEO Paolo Ardoino said the initiative reflects the company’s commitment to promoting responsible bitcoin mining.
He added:
“This project is another step in our growing commitment to Bitcoin mining using renewable energy sources. It highlights the potential of integrating agricultural energy production with advanced digital infrastructure. We believe this model can help improve financial inclusion, increase energy efficiency, and serve as an example of responsible innovation at the intersection of technology and sustainability.”
Meanwhile, the MoU builds on a recent deal agreement between the two companies that would see Tether acquire approximately 70% of Adecoagro’s outstanding shares.
The deal points to a deeper strategic partnership as the two companies explore ways to combine traditional infrastructure with blockchain technology.
The move comes amid Tether’s broader efforts to diversify its business beyond USDT, the world’s largest stablecoin with a market cap exceeding $158 billion.
The company has recently begun developing artificial intelligence, cryptocurrency education, and scalable mining infrastructure as part of its expanding digital strategy.
Source: cryptonews.net
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