Tether partners with Adecoagro for Bitcoin Mining in Brazil using surplus renewable energy | CoinDesk JAPAN

• Tether has partnered with Adecoagro for Bitcoin Mining using renewable energy in Brazil.
• Adecoagro, in which Tether holds a 70% stake, is a major food production company in South America and has significant power generation capacity in the region.
• Tether aims to become the largest Bitcoin mining company by the end of this year, having invested $2 billion in energy and mining operations, said CEO Paolo Ardoino in May.

The digital asset company Tether, which handles the largest stablecoin by market capitalization, USDT, is launching a Bitcoin (BTC) mining project in Brazil in collaboration with the South American agricultural company Adecoagro, utilizing renewable energy.

According to a press release dated July 3, the two companies have signed a strategic partnership agreement regarding a pilot project to operate a Mining facility utilizing Adeco Agro's surplus energy, with the possibility of adding Bitcoin to Adeco Agro's balance sheet in the future.

Adeco Agro, in which Tether has acquired a 70% stake, has a power generation capacity of 230 megawatts across South America. The company is a major food production enterprise in South America, operating sugar mills, rice farms, and dairy businesses.

"This project offers an opportunity to fix and stabilize the price of a portion of the energy we are currently selling in the spot market while gaining exposure to the upward potential of Bitcoin," said Mariano Bosch, co-founder and CEO of Adecoagro.

This move indicates that Tether is further strengthening its commitment to the Bitcoin mining sector, following past investments in mining facilities in South America.

Tether has announced the development of an operating system software for miners called "Tether Mining OS" and plans to make it open-source within the next few months.

Paolo Ardoino, the CEO of Tether, stated at the "Bitcoin 2025" conference held in May that Tether aims to become the largest Bitcoin miner by the end of this year and revealed that it has invested $2 billion (approximately 290 billion yen, based on an exchange rate of 145 yen to 1 dollar) in energy production and mining operations.

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