According to PANews, stablecoin issuer Tether has signed a memorandum of understanding with South American agricultural energy company Adecoagro to collaborate on a renewable energy Bitcoin mining project in Brazil. Adecoagro currently operates 230 megawatts of renewable energy facilities in South America, and the project aims to explore the feasibility of using surplus energy for Bitcoin mining.
Tether's CEO stated that this initiative is an extension of the company's sustainable mining strategy, which seeks to promote the synergy between energy infrastructure and the digital economy. An executive from Adecoagro highlighted that Bitcoin could serve as a long-term store of value similar to farmland assets, and this project will enable the company to engage with crypto assets in a controlled manner. Both parties will utilize a mining management system developed by Tether, with the related code expected to be open-sourced in the coming months.
