Tether Holdings Ltd. and Adecoagro S.A. (NYSE: AGRO) have signed a Memorandum of Understanding (MoU) to explore a potential collaboration on Bitcoin mining operations in Brazil utilizing renewable energy sources.
Tether and Adecoagro To Power Bitcoin Mining With Renewable Energy In Brazil
Learn more: https://t.co/Q8NhdgG79q— Tether (@Tether_to) July 3, 2025
The agreement outlines a proposed pilot project that will assess the feasibility of using surplus renewable electricity to power Bitcoin mining.
According to the companies, the initiative will evaluate how such a strategy might contribute to grid management and infrastructure optimization.
“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.”
Tether, which has launched several mining initiatives in other regions, plans to contribute its technical infrastructure and experience.
“As part of our long-term strategy to support resilient energy infrastructure and decentralized networks, we’re proud to collaborate with Adecoagro,” said Paolo Ardoino, Chief Executive Officer of Tether.
“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. 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.”
Juan Sartori, Head of Business Initiatives at Tether and Executive Chairman of Adecoagro’s Board of Directors, added: “This collaboration between Adecoagro and Tether allows us to explore a new intersection between agriculture, energy, and technology — unlocking potential efficiencies and diversifying our energy strategy in a responsible and forward-looking manner.”
Adecoagro currently operates more than 230 megawatts of renewable generation capacity across South America.
The company stated that the project may offer an alternative demand for excess energy and could serve as a means of initiating limited Bitcoin exposure on its balance sheet.
The pilot will be managed using Tether’s Mining OS, which the company says it plans to make available as open-source software in the future.
In accordance with Adecoagro’s bylaws concerning Related Party Transactions, the proposal has been reviewed and approved by the company’s Independent Committee.