Stablecoin Issuer Tether has signed a memorandum of understanding (MOU) with Adecoagro SA to explore strategic collaborations centered on renewable Bitcoin mining, according to a statement on July 3rd.
Adecoagro, one of South America’s leading producers of sustainable agricultural and energy, is evaluating ways to support energy-intensive industries such as Bitcoin mining with renewable energy capacity of over 230 MW.
Mariano Bosch, CEO of Adecoagro, said:
“The project will be exposed to the opposite direction of Bitcoin, while stabilizing some of the energy currently on sale and some of the energy currently on sale in the field market and locking it into pricing.”
The collaboration will focus on optimizing excess energy generation while developing new models of digital infrastructure related to clean energy sources.
Adecoagro also sees the initiative as a way to gradually introduce Bitcoin exposure to the company’s balance sheet, and treats it as a potential reservoir of value similar to farmland assets.
The Pilot Mining Project will run on Tether’s own mining OS, a site management platform that is expected to be open source in the coming months.
Tether CEO Paolo Ardoino said the initiative reflects the company’s commitment to promoting responsible Bitcoin mining.
He added:
“This project is another step in our expansion growth for renewable-driven Bitcoin mining, highlighting the possibility of aligning agricultural energy production with cutting-edge digital infrastructure. We believe this model will promote financial inclusion, promote energy efficiency and serve as a blueprint for responsible innovation at the intersection of technology and sustainability.”
Meanwhile, the MOU is built on a recent trading agreement between the two companies, with Tether likely to acquire around 70% of Adecoagro’s outstanding shares.
The transaction demonstrates deeper strategic integrity as both companies explore ways to integrate traditional infrastructure with blockchain-based technologies.
The move comes amid Tether’s widespread efforts to diversify its business beyond USDT, the world’s largest stubcoin with a market capitalization of over $158 billion.
The company recently challenged artificial intelligence, crypto education and scalable mining infrastructure as part of its expansion of its digital strategy.
