Tether, the company behind the USDT stablecoin, has embarked on an intriguing venture with South American agribusiness giant Adecoagro, focusing on renewable-energy-powered Bitcoin mining in Brazil. Announced in a Thursday press release, this strategic partnership aims to harness Adecoagro’s surplus energy for mining purposes and might eventually see Bitcoin added to Adecoagro’s financial reserves.
A Green Twist to Bitcoin Mining
Bitcoin mining has long been criticized for its environmental footprint, but Tether and Adecoagro’s initiative could flip the script. Leveraging Adecoagro’s substantial 230-megawatt power generation capacity—spanning sugar mills, rice farms, and dairy operations—the project is set to transform excess energy into crypto gold. Mariano Bosch, Adecoagro’s co-founder and CEO, expressed optimism, noting, “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 collaboration underscores Tether’s expanding footprint in Bitcoin mining, a sector where it has been increasingly active. Earlier investments in the region’s mining capabilities highlight the company’s commitment to becoming a major player. At the Bitcoin 2025 conference in May, Tether CEO Paolo Ardoino boldly proclaimed, “We will be the biggest bitcoin miner by the end of this year,” revealing a staggering $2 billion investment in energy and mining operations. This follows a pattern of institutional adoption, which we detailed in our analysis of corporate treasury investments.
Strategic Implications and Market Impact
This partnership isn’t just about mining—it carries wider implications for the cryptocurrency landscape. By marrying renewable energy with Bitcoin mining, Tether and Adecoagro might set a precedent for sustainable practices in an industry often scrutinized for its carbon emissions. The initiative could also provide a model for other firms looking to leverage green energy in crypto operations. In a similar vein, a Norway deep-sea mining firm plans $1.2B Bitcoin buy, highlighting the growing trend of integrating traditional industries with cryptocurrency investments.
In the broader context, Tether’s move aligns with an increasing trend where companies are integrating blockchain technology with traditional industries—blurring the lines between old and new economies. If successful, this pilot project might spark a wave of similar collaborations worldwide, potentially reshaping how energy is used in the crypto sector.
However, questions linger about scalability and long-term viability. Adecoagro’s energy surplus is a unique advantage, but whether similar resources are available elsewhere remains to be seen. Moreover, the economics of Bitcoin mining, marked by its notorious volatility, could affect the project’s prospects. The potential addition of Bitcoin to Adecoagro’s balance sheet is another layer of complexity, introducing cryptocurrency’s inherent risks into a traditionally stable agribusiness model.
The Road Ahead
Tether’s ambitious plans don’t stop here. The company has developed Tether Mining OS, a proprietary operating system for miners. Plans to release it as open-source software in the coming months could disrupt the mining software market, offering a potentially more efficient solution to an industry hungry for innovation.
As we look to the future, Tether and Adecoagro’s collaboration raises critical questions: Will this model of using surplus renewable energy for Bitcoin mining prove sustainable? Can this approach attract more players to the game, thereby reducing the crypto industry’s carbon footprint? As the world watches, the answers will likely shape the next chapter in the ever-evolving narrative of cryptocurrency and energy use.
In a landscape as dynamic and unpredictable as crypto, this partnership represents a fascinating intersection of technology, energy, and finance. As Tether and Adecoagro forge ahead, their journey might just pave the way for a new era of environmentally conscious cryptocurrency mining. But whether this trend can gather momentum in the face of market volatility and operational challenges remains an open question.
Source
This article is based on: Tether to Mine Bitcoin With Adecoagro in Brazil Using Surplus Renewable Energy
Further Reading
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- Trump-linked American Bitcoin raises $220M for mining, treasury
- IMF Rejects Pakistan’s Proposal to Subsidize Power for Bitcoin Mining: Reports
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
