Tether and Adecoagro join forces on renewable-powered Bitcoin mining venture

New partnership aims to transform surplus energy into digital gold, with Bitcoin exposure on Adecoagro’s balance sheet.

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Stablecoin issuer Tether has signed a Memorandum of Understanding (MoU) with Adecoagro S.A. to explore a strategic collaboration centered on renewable-powered Bitcoin mining, according to a July 3 statement.

Adecoagro, one of South America’s leading producers of sustainable agricultural goods and energy, is evaluating how its more than 230 MW of renewable energy capacity can be used to support energy-intensive industries like Bitcoin mining.

Mariano Bosch, the Chief Executive Officer of Adecoagro, said:

“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 will focus on optimizing surplus energy generation while developing new models for digital infrastructure tied to clean energy sources.

Adecoagro also views this initiative as a way to introduce Bitcoin exposure to its corporate balance sheet gradually, treating it as a potential store of value similar to its farmland assets.

The pilot mining project will operate on Tether’s proprietary Mining OS, a site management platform expected to be open-sourced in the coming months.

Tether CEO Paolo Ardoino said the initiative reflects the firm’s commitment to promoting responsible Bitcoin mining.

He added:

“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.”

Meanwhile, this MoU builds on the recent transaction agreement between the two firms, which may see Tether acquire approximately 70% of Adecoagro’s outstanding shares.

The deal signals a deeper strategic alignment as both firms explore ways to merge traditional infrastructure with blockchain-based technologies.

The move comes amid Tether’s broader effort to diversify its business beyond USDT, the world’s largest stablecoin with a market capitalization exceeding $158 billion.

The company has recently ventured into artificial intelligence, crypto education, and scalable mining infrastructure as part of its expanding digital strategy.

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