Odaily Planet Daily reported that Tether, a stablecoin issuer, has signed a memorandum of understanding with Adecoagro, a South American agricultural energy company, to collaborate on a renewable energy Bitcoin mining project in Brazil. Adecoagro currently operates 230 megawatts of renewable energy generation facilities in South America, and this project will explore the feasibility of using surplus power for Bitcoin mining. The CEO of Tether stated that this is an extension of the company's sustainable mining strategy, aimed at promoting the synergy between 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 controllable manner. Both parties will use the mining management system developed by Tether, and the related code will be open-sourced in the coming months.

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