Tether Targets South America’s Surplus Power for Low-Carbon Bitcoin Mining – But Will Volatility Bite?

Bitcoin Mining Tether

Author

Hongji Feng

Author

Hongji Feng

About Author

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Author Profile

Share

Copied

Last updated: 

July 3, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Tether and Adecoagro have signed a memorandum of understanding to explore a joint Bitcoin mining project using renewable energy in Brazil, according to an announcement published on July 3.

The announcement said that the plan would use Adecoagro’s 230 megawatts of renewable power capacity across South America to run Bitcoin mining operations.

Tether to Deploy Mining OS in South America

Tether will provide infrastructure and operational oversight through its in-house Mining OS, which the company plans to release as open source in the coming months.

“We’re excited to explore innovative ways to maximize the value of our renewable energy assets,” said Adecoagro co-founder and CEO Mariano Bosch.

“This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to the upside potential of Bitcoin,” said Bosch.

The pilot project has been approved by Adecoagro’s Independent Committee under its related-party transaction policy. The companies plan to evaluate how Bitcoin mining could serve both as an alternative electricity off-take and a strategic treasury component.

Tether CEO Paolo Ardoino said the initiative stresses the firm’s goal to back decentralized networks with physical infrastructure.

“We believe this model can drive financial inclusion, promote energy efficiency, and serve as a blueprint for responsible innovation at the intersection of technology and sustainability,” he said.

Renewable-Powered Bitcoin Mining Gains Ground

Adecoagro Board Chair Juan Sartori, who also leads Tether’s business initiatives, described the plan as a convergence of agriculture, energy, and technology.

“[The partnership] allows us to explore a new intersection between agriculture, energy, and technology,” he said.

The companies said the project will assess the viability of adding Bitcoin to Adecoagro’s balance sheet, similar to how it treats farmland assets. The collaboration could also inform longer-term diversification of Adecoagro’s energy strategy.

Bitcoin mining tied to renewable energy is drawing increased attention from energy producers looking to balance load and monetize excess supply.

South America’s emerging role in sustainable mining is also shaping how institutions assess digital asset exposure. While past mining growth concentrated in North America and Central Asia, companies in Brazil, Paraguay, and Argentina are starting to frame crypto infrastructure as part of their broader energy and industrial strategies.

Frequently Asked Questions (FAQs)