Tether Holdings, the leading issuer of the USDT stablecoin, has entered into a Memorandum of Understanding (MoU) with Adecoagro S.A. (NYSE: AGRO), a prominent South American sustainable production company, to launch a Bitcoin mining initiative in Brazil.
The collaboration will leverage Adecoagro’s surplus renewable energy to power environmentally conscious Bitcoin mining operations, aligning digital asset innovation with sustainable energy practices. Adecoagro, which generates over 230 megawatts of renewable energy from hydro and biomass across Brazil, Argentina, and Uruguay, will supply excess energy to fuel the mining project. This approach aims to stabilize energy costs, enhance grid reliability, and create new revenue streams by monetizing surplus power.
Additionally, Adecoagro is exploring the inclusion of Bitcoin on its balance sheet, viewing it as a strategic asset comparable to its agricultural land holdings.
“This partnership allows us to innovate at the intersection of renewable energy and digital assets,” said Mariano Bosch, CEO and Co-Founder of Adecoagro. “By utilizing our surplus energy for Bitcoin mining, we can lock in stable pricing and gain exposure to a transformative asset class.”
Tether, holding a 70% stake in Adecoagro following its $615 million acquisition in April 2025, brings its expertise in sustainable Bitcoin mining, with operations already established in Uruguay and Paraguay. The project will employ Tether’s proprietary Mining OS, set to be open-sourced soon, to optimize site efficiency.
“We’re thrilled to expand our renewable-powered mining footprint in Brazil alongside Adecoagro. “This initiative showcases how digital assets and sustainable agriculture can work together to drive economic and environmental progress.”
Paolo Ardoino, CEO of Tether
Juan Sartori, Tether’s Head of Business Initiatives and Executive Chairman of Adecoagro’s Board, added,
“This collaboration redefines how we approach energy and technology, creating a model that could reshape sustainable development in the region”
Approved by Adecoagro’s Independent Committee to ensure compliance with related-party transaction protocols, the pilot project positions Brazil as a key player in Latin America’s growing Bitcoin mining sector.
While the MoU is non-binding, it sets the stage for further development, with both companies committed to evaluating the project’s scalability. Brazil’s abundant renewable energy and crypto-friendly policies provide a strong foundation, though evolving regulations and recent tax hikes may present hurdles.
