Tether explores Bitcoin mining project in Brazil: check details
2025-07-03 17:37:09
Main Idea
Tether has signed a Memorandum of Understanding with Adecoagro to explore Bitcoin mining in Brazil using renewable energy, following its previous mining ventures in Uruguay and Paraguay.
Key Points
1. Tether plans to mine Bitcoin in Brazil using surplus renewable energy from Adecoagro, a company in which Tether acquired a 70% stake in May 2025.
2. Adecoagro operates across South America and produces over 230 megawatts of renewable energy, which will be utilized for the Bitcoin mining project.
3. The project aims to monetize surplus energy and considers Bitcoin as a potential long-term value asset, similar to Adecoagro's farmland holdings.
4. Tether will use its proprietary Tether Mining OS for site management, with plans to open-source the software in the coming months.
5. This initiative aligns with Tether's broader strategy under CEO Paolo Ardoino to expand into Bitcoin mining and support decentralized networks.
Description
Tether, the world’s largest stablecoin issuer, has signed a Memorandum of Understanding (MOU) with Brazilian energy and agriculture firm Adecoagro to explore the potential for Bitcoin mining using renewable power. As per the MoU, Tether, in partnership with Adecoagro, plans to mine Bitcoin using the Brazil-based renewable power provider’s surplus energy. “In addition to monetizing
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