Tether Holdings, the largest stablecoin issuer $USDT , and the Brazilian company Adecoagro have signed a memorandum of understanding (MoU) to launch a pilot mining project $BTC using renewable energy sources in Brazil. The project involves over 230 MW of energy generated from eco-friendly sources such as biomass and hydroelectricity, highlighting the commitment to sustainability. Tether will provide its Mining OS platform for managing operations, which will soon become open-source, while Adecoagro plans to integrate Bitcoin into its balance sheet as a long-term asset comparable to agricultural land.
The initiative aims to monetize excess energy and stabilize electricity market prices. According to Adecoagro's CEO Mariano Bosch, this opens new opportunities for business diversification. Tether, in turn, is expanding its efforts in the field of green mining, aiming to become the largest Bitcoin miner by the end of 2025.
The project could serve as a model for other regions with a surplus of renewable energy. However, success depends on the stability of Bitcoin prices and regulatory conditions in Brazil, where cryptocurrency taxes have recently increased.
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