- Adecoagro to use surplus renewable energy for BTC mining.
- Tether to manage the site with an open-source Mining OS.
- Adecoagro adds Bitcoin to its balance sheet as a long-term asset.
Tether and Adecoagro have entered into a strategic partnership to open a pilot Bitcoin mining program that will use renewable energy. The project will use excess power generated by Adecoagro’s renewable capacity in South America. The collaboration is expected to boost energy efficiency and bring in long-term exposure to Bitcoin mining.
Role of Renewable Energy in Bitcoin Mining Initiative
Adecoagro plans to use over 230 megawatts of its available clean energy to power the mining infrastructure. The company will stabilize a part of its energy income, which is often unstable in the spot market. The new project will provide a stable source of income, consistent with Adecoagro’s sustainability model.
Adecoagro has an Independent Committee that reviewed and approved the project in line with the policies of the related party transactions. This internal approval makes it compliant and strengthens the governance standards of the firm. The two parties will establish clear operational and financial roles.
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Role of Tether in Bitcoin Mining in Brazil
Tether will offer its experience in the management of mining operations and digital asset infrastructure. It will use its own Tether Mining OS to manage the facility and maximize the mining efficiency. In the next few months, the system will be open-sourced to increase transparency and efficiency.
Tether continues to increase its mining operations with a special emphasis on decentralization and sustainability in various regions. This initiative supports its plan to match energy innovation with digital asset operations. It also helps Tether’s wider objectives of financial inclusion and resilience of infrastructure.
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Long-Term Bitcoin Mining Initiative
The project will combine clean energy with digital infrastructure and reduce environmental impact. Adecoagro plans to add mined Bitcoin as a long-term asset in its balance sheet, just like its farmland investments. This diversification may aid the company in enhancing financial stability amid market volatility.
Adecoagro will benefit from fixed-rate energy monetization and a possible rise in asset value from Bitcoin assets. The pilot project will serve as an example for agricultural companies that want to modernize their energy plans. It also creates new avenues of integrating agriculture, clean power, and digital finance.
Although the pilot is limited in scale, both firms consider it a pilot for large-scale implementations in the future. The collaboration follows a wider trend of integration of digital assets with traditional industries. These integrations could become more common as the energy and crypto industries develop.
Meanwhile, Tether is engaged in a legal battle with Celsius Network about past financial operations. However, the collaboration with Adecoagro is separate from these legal proceedings. These two companies focus on innovation, transparency, and strategic partnerships in their industries.
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