Agribusiness heavyweight Adecoagro S.A. and stablecoin giant Tether Holdings on Thursday announced a pact to build a 230‑megawatt renewable Bitcoin mine in Brazil. The agreement seeks to turn surplus power from Adecoagro’s biomass and biogas plants into steady crypto income using Tether’s soon‑to‑be open‑sourced Mining OS. Initial construction is slated to begin later this year, with first hashing rigs expected online before mid‑2026, subject to permitting and equipment delivery schedules.
Adecoagro, valued near nine hundred twenty million dollars on the NYSE, controls more than 210,400 hectares and multiple cogeneration facilities across South America. Those generators deliver over one million megawatt‑hours each year, a figure that fueled twenty percent revenue growth during the last twelve months.
Chief Executive Mariano Bosch said the mining venture will “stabilize a portion of the energy we currently sell on spot markets while giving us bitcoin exposure.”
Tether CEO Paolo Ardoino called the move “a natural step in supporting resilient energy infrastructure and decentralized networks through renewable‑powered mining operations.”
Project Operations and Strategy
The pilot plant will initially draw from Adecoagro’s 230‑megawatt renewable capacity, matching computing loads to generation peaks to avoid wasted electricity and lessen grid strain. An internal committee at Adecoagro approved the related‑party transaction after reviewing safeguards, clearing the way for equipment procurement and site design in coming months.
The partners expect to release additional milestones, including location details and hash‑rate targets, as civil works and grid interconnection advance.
Tether’s Mining OS and Open Source Plans
Tether will contribute capital, hardware ordering, and technical oversight while integrating its Mining OS dashboards for live performance tracking, energy metrics, and on‑chain treasury management. The operating system, promised as open source within months, aims to standardize data reporting and invite external audits for sustainability claims.
Bitcoin mining powered by renewables has gained momentum across Latin America, where abundant hydro, biomass, and solar resources offer lower costs and lighter environmental footprints. Adecoagro operates sugarcane mills, rice fields, grain silos, and dairy clusters in Argentina, Brazil, and Uruguay, converting agricultural residue into steam, electricity, and ethanol.
Tether, meanwhile, issues the USDT stablecoin, which holds more than ninety billion dollars in circulation and underpins much of the global crypto trading volume. The company has already backed smaller renewable mines in Uruguay, Paraguay, and the United States as part of a broader diversification into energy and infrastructure.
Both firms said Thursday they will publish periodic updates as construction progresses and emphasized that results of the test phase will guide any expansion decisions. Details were disclosed in a joint press release dated July 3 2025, which both companies cited as the authoritative source for future reference.
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