PANews reported on July 3 that, according to an official announcement, the stablecoin issuer Tether has signed a memorandum of understanding with South American agricultural energy company Adecoagro to cooperate on a renewable energy Bitcoin mining project in Brazil. Adecoagro currently operates 230 megawatts of renewable energy generation facilities in South America, and the project will explore the feasibility of using surplus electricity for Bitcoin mining.
The CEO of Tether stated that this is an extension of the company's sustainable mining strategy, aimed at promoting the synergistic development of energy infrastructure and the digital economy. An executive from Adecoagro pointed out that Bitcoin could become a long-term store of value similar to farmland assets, and this project will help the company access crypto assets in a controlled manner. Both parties will use a mining management system developed by Tether, and the relevant code will be open-sourced within months.
