- Tether is partnering with Adecoagro to launch a Bitcoin mining project in Brazil that will utilize renewable energy sources.
- Adecoagro plans to use its excess renewable energy capacity for mining and will gain strategic exposure to Bitcoin on its balance sheet.
- In addition to its Brazil venture, Tether signed an MoU with Zanzibar’s eGovernment Authority to promote blockchain education and financial inclusion in Africa.
Tether has signed a memorandum of understanding (MoU) with South American agribusiness firm Adecoagro S.A. to collaborate on a Bitcoin (BTC) mining project in Brazil.
The move comes just days after the USDT stablecoin issuer signed another MoU with the Zanzibar eGovernment Authority, marking its continued expansion into Africa.
Tether Expands Into Brazil
In a press release issued Thursday, July 3, the two companies announced a partnership combining Tether’s digital assets expertise with Adecoagro’s renewable energy capabilities.
The release stated that the project will explore how renewable energy assets can be leveraged to support Brazil’s digital economy and examine how it can unlock “new efficiencies at the intersection of technology and infrastructure.”
The mining operation will reportedly utilize Tether’s Mining OS, its proprietary site management software. Tether added that the software will be open-sourced “in the coming months.”
“This collaboration between Adecoagro and Tether allows us to explore a new intersection between agriculture, energy, and technology,” said Juan Sartori, Adecoagro’s Board of Directors executive chairman.
Bitcoin as an Alternative
According to the press release, Adecoagro currently has over 230 MW of electrical generation capacity from renewable sources across South America.
The new joint venture will explore the potential of Bitcoin mining as an “alternative demand.”
Adecoagro will monetize any surplus energy and recognizes Bitcoin as a potential “source of long-term value.”
The mining initiative will also include strategic exposure to Bitcoin on Adecoagro’s balance sheet.
Tether Expands in Africa
Just two days prior, Tether announced a separate collaboration with the eGovernment Authority of the Zanzibar archipelago.
The MoU aims to improve blockchain education and promote regional financial inclusion.
“This MoU aligns with Tether’s vision to strengthen Africa’s digital economy through education, regulatory clarity, and the development of an innovative ecosystem,” Tether said in a statement.
The initiative will highlight real-world use cases for digital assets and aims to empower both individuals and businesses.
Tether will also explore integrating USDT into the local government’s payment gateway, Zanmalipo.
