Tether Partners with Adecoagro for Sustainable Bitcoin Mining

In a significant move towards sustainable cryptocurrency production, Tether Holdings has entered into a memorandum of understanding with Adecoagro S.A., a leading renewable energy provider based in Brazil. This collaboration aims to utilize surplus power for bitcoin mining, marking a pivotal step in Tether's commitment to environmentally friendly mining practices.

Paolo Ardoino, CEO of Tether, expressed enthusiasm about the project, stating, "This initiative not only underscores our dedication to renewable-powered bitcoin mining but also showcases the innovative integration of agricultural energy production with digital infrastructure."

Building on its existing operations in Uruguay and Paraguay, Tether is set to leverage Adecoagro's capacity to generate over 230 megawatts of renewable electricity in the region. This strategic partnership highlights Tether's ambition to exploit underutilized energy sources for crypto production, further solidifying its mining footprint across South America.