Tether Partners with Adecoagro for Renewable Energy Bitcoin Mining in Brazil
Tether is partnering with Adecoagro to explore renewable energy-powered bitcoin mining in Brazil. Key points include:
- Adecoagro will provide surplus energy for mining facilities.
- Future plans may involve adding bitcoin to Adecoagro's balance sheet.
- Adecoagro has a 230 megawatt power generation capacity across South America.
- The partnership aims to stabilize energy pricing while benefiting from bitcoin's potential.
- Tether has developed an open-source operating system for miners called Tether Mining OS.
- Tether has invested $2 billion in energy production and mining operations.
- CEO Paolo Ardoino anticipates Tether becoming the largest bitcoin miner by year-end.