On Thursday, Tether, the largest company in the digital asset industry, announced a new partnership with Adecoagro S.A. (NYSE: AGRO), a leading sustainable production company in South America.
The two firms have signed a Memorandum of Understanding (MoU) to explore bitcoin mining powered by renewable energy in Brazil, which aims to leverage surplus clean energy, stabilise power grids, and support decentralised digital infrastructure.
The partnership will examine how Adecoagro’s renewable energy assets can be harnessed to drive efficiency in the digital economy as the world shifts toward cleaner energy systems.
Both firms voiced strong optimism for the venture
Mariano Bosch, Co-Founder and CEO of Adecoagro, expressed enthusiasm about the project, stating, “We’re excited to explore innovative ways to maximize the value of our renewable energy assets. This project opens the door to stabilising 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.”
Adecoagro operates over 230 MW of renewable energy capacity across South America, and this collaboration will assess bitcoin mining as a viable demand source.
Beyond monetising surplus power, the company views Bitcoin as a potential long-term store of value, akin to its farmland holdings, and plans to use mining to diversify its balance sheet strategically.
Paolo Ardoino, CEO of Tether, noted the company’s commitment to sustainable mining, saying, “As part of our long-term strategy to support resilient energy infrastructure and decentralised networks, we’re proud to collaborate with Adecoagro. 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.”
Furthermore, Juan Sartori, Head of Business Initiatives at Tether and Executive Chairman of Adecoagro’s Board, emphasised the broader implications of the partnership: “This collaboration 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.”
The project will utilise Tether’s Mining OS for site management, which the company plans to open-source in the coming months. Adecoagro’s Independent Committee has already approved the pilot, ensuring compliance with corporate governance standards.
Expanding Tether’s global footprint
This initiative aligns with Tether’s broader strategy of fostering blockchain innovation and sustainable infrastructure.
The company has been actively expanding its global partnerships, particularly in Africa, where it recently signed an MoU with Zanzibar’s e-Government Authority to promote blockchain education and stablecoin adoption.
Similar efforts in Guinea and collaborations with African exchanges like Quidax underscore the company’s commitment to advancing financial inclusion and digital literacy.
Beyond stablecoins, Tether invests in artificial intelligence (AI), infrastructure, and education, positioning itself as a key player in the evolving digital economy.
The Adecoagro partnership marks another milestone in its mission to merge sustainability with advanced technology.
Both companies will provide further updates as the project progresses, signalling a new era of synergy between renewable energy and decentralised finance.