Tether Joins Renewable Farming: Bitcoin Mining Shifts to Brazil

The collaboration between Tether Holdings, a leading stablecoin issuer, and Adecoagro, a prominent South American agribusiness, marks a significant milestone in the fusion of cryptocurrency and sustainable energy practices. This partnership aims to harness excess renewable energy for Bitcoin mining, with both companies poised to benefit strategically.

Adecoagro, with its robust 230 MW renewable energy infrastructure, plans to allocate a portion of this capacity specifically for cryptocurrency mining. This initiative not only provides an effective avenue to utilize surplus electricity but also presents Tether with an environmentally friendly mining opportunity that aligns with growing sustainability trends.

Tether Joins Renewable Farming: Bitcoin Mining Shifts To Brazil

Innovative Energy Use in the Crypto Space

Mariano Bosch, the CEO of Adecoagro, emphasized a strategic shift in power sales to mitigate the volatility faced in the spot market. By directing excess energy to Bitcoin mining during peak production times, the company aims to create a more stable revenue stream.

This strategy is quite straightforward: rather than wasting excess energy when renewables exceed demand, Adecoagro will operationalize these resources through Bitcoin mining. This innovative approach not only stabilizes energy prices for Adecoagro but also opens new revenue channels tied to the fluctuating Bitcoin market.

Open Source Mining Software Initiative

Reports suggest that Tether is investing not merely in dollars but also in technology, as it will oversee the installation and management of mining operations through its proprietary software, Tether Mining OS.

Paolo Ardoino, the CEO of Tether, announced intentions to open-source the mining software. This move is designed to encourage mining farms across the globe to adopt more sustainable practices. The goal is to demonstrate that cryptocurrency mining can coexist with a low-carbon economy, appealing to a wide audience concerned about the environmental impact.

Governance Framework for Fair Partnerships

With Juan Sartori holding dual roles as Tether’s Head of Business Initiatives and chair of Adecoagro’s board, a board review was critical to ensure fairness. An independent committee scrutinized this partnership to avoid any potential conflicts of interest.

This due diligence is essential for maintaining investor confidence and ensuring equitable dealings between the two companies, which helps to reinforce trust in blockchain initiatives.

Tether Plants Crypto Roots In Renewable Farming Bitcoin Mining Heads-Bitrabo

Adecoagro’s calculations reveal a straightforward benefit: every megawatt of energy that would otherwise be sold at a low midday rate can now be redirected to mine Bitcoin. This redirection could result in significant mining profits, especially if Bitcoin maintains strong market performance.

Moreover, Tether’s strategic growth in sustainable mining locations reinforces its commitment to environmental stewardship, expanding its influence in South America and beyond.

According to Ardoino, this partnership is not just about immediate benefits; it’s a prototype for integrating renewable energy with advanced technology, thus paving the way for a sustainable crypto mining future.

Image credits: Meta, analytics from TradingView

Emily Walker
Crypto News Editor

Emily brings structure, clarity, and journalistic integrity to Bitrabo’s daily news coverage. With years of experience in tech journalism, she ensures that every headline, update, and developing story is accurate and impactful. From breaking regulatory news to market movements, Emily’s editorial oversight keeps Bitrabo’s news content timely, trusted, and engaging.

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