The crypto firm behind the leading US-dollar pegged stablecoin USDT is looking to make Bitcoin (BTC) mining more sustainable.
In a new press release, Tether says it is joining forces with Adecoagro on a renewable energy BTC mining project in Brazil.
Adecoagro is a leading South American sustainable production firm. Tether and Adecoagro have co-signed a Memorandum of Understanding as they explore collaborating on BTC mining. As a result of this project, Adecoagro also plans to add BTC to its corporate balance sheet.
Says Adecoagro Co-Founder and Chief Executive Officer Mariano Bosch of the partnership,
“We’re excited to explore innovative ways to maximize the value of our renewable energy assets.
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 upcoming project will aim to show how renewable energy sources can be used to support crypto mining through both technology and infrastructure.
Explains Tether CEO Paolo Ardoino,
“Tether brings to the initiative its extensive experience in the bitcoin ecosystem, backed by a rapidly expanding portfolio of sustainable mining initiatives across multiple regions. As part of our long-term strategy to support resilient energy infrastructure and decentralized 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. 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.”
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