Tether Targets South America’s Surplus Power for Low-Carbon Bitcoin Mining – But Will Volatility Bite?
2025-07-03 18:39:16
Main Idea
Tether plans to utilize South America's surplus renewable energy for low-carbon Bitcoin mining, aiming to stabilize energy use and explore Bitcoin as a treasury asset.
Key Points
1. Tether will use Adecoagro’s 230 megawatts of renewable power capacity in South America for Bitcoin mining.
2. The project aims to stabilize energy usage and explore Bitcoin’s potential as a treasury asset, similar to farmland assets.
3. Tether CEO Paolo Ardoino emphasizes backing decentralized networks with physical infrastructure for sustainability.
4. The initiative could improve Bitcoin’s environmental reputation by leveraging renewable energy sources.
5. The pilot project has been approved by Adecoagro’s Independent Committee under its related-party transaction policy.
Description
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. Key Takeaways: Tether and Adecoagro signed an MoU to explore Bitcoin mining powered by renewable energy in Brazil. The project uses Adecoagro’s 230 MW energy capacity and Tether’s operational tools. South America is emerging as a new base for renewable-powered crypto infrastructure. The announcement said that ...
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