Tether, Adecoagro Launch Green Bitcoin Mining in Brazil
Tether and South American agribusiness Adecoagro have formalized a green Bitcoin mining pilot in Brazil. Under a recent memorandum of understanding, Adecoagro will divert up to 230 MW of excess solar and wind power into Bitcoin mining rigs instead of selling it on volatile spot markets. The arrangement stabilizes revenue and converts idle renewable energy into Bitcoin rewards.
Tether will deploy and manage the mining hardware via its proprietary Tether Mining OS, which will be open-sourced to promote transparency, sustainability and wider adoption of clean mining. An independent committee led by Tether’s Head of Business Initiatives, Juan Sartori, approved the related-party deal to ensure governance and fairness.
Adecoagro plans to list the mined Bitcoin as a strategic asset on its balance sheet, similar to its farmland holdings. This move reduces reliance on spot market rates and unlocks new tech-driven revenue streams. The partnership expands Tether’s sustainable mining footprint beyond North America and Europe, serving as a blueprint for integrating renewable energy with Bitcoin mining profitability. The project proceeds despite Tether facing a $4 billion lawsuit from Celsius Network over alleged BTC mismanagement.
Bullish
By leveraging surplus renewable energy for Bitcoin mining, the partnership creates stable energy arbitrage opportunities and adds institutional demand for BTC. In the short term, the pilot may have a limited effect on market price due to its modest scale but underscores growing corporate appetite for Bitcoin as an asset. Over the long term, open-sourcing Tether’s mining software and expanding green mining operations could attract further investment, strengthen network hash rate sustainability and enhance Bitcoin’s appeal to ESG-focused investors. This positive development supports a bullish outlook on BTC’s price trajectory.