Tether teams up with Adecoagro, of which it owns 70%, to mine Bitcoin in Brazil using the renewable energy surplus of the agro-industry.
This project allows Tether to transform an undervalued resource (electricity surplus) into Bitcoin, aligning with its aggressive financial strategy.
With 2 billion already invested and in-house OS for mining, Tether aims to become the largest Bitcoin miner by the end of 2025.
A Strategic Partnership between Tether and Adecoagro
Tether has recently partnered with Adecoagro, a major agro-food company in South America, to launch a pilot project for Bitcoin mining powered by renewable energies in Brazil. Their idea: to use the excess electricity generated by Adecoagro’s facilities, a resource often resold at low prices on the spot market, to power mining machines.
This is not just a technical alliance: Tether owns 70% of Adecoagro. The company is not merely signing an agreement but integrating energy into its empire.
Monetizing the Surplus, Betting on Bitcoin
With its 230 megawatts of energy capacity spread across hydroelectric plants, sugar mills, and farms, Adecoagro represents a colossal strategic lever for Tether. According to its CEO Mariano Bosch, the project ticks two boxes:
Locking in fixed prices for the energy we sell today on the spot market, while exposing ourselves to the potential Bitcoin upside.
In other words: transforming an undervalued asset (electricity surplus) into an ultra-volatile yet potentially explosive asset (BTC). An optimization logic that resonates with Tether’s highly financial approach in recent years.
$2 Billion Already Invested in Mining
This partnership is part of a much broader strategy. For over a year, Tether has been making investments in energy infrastructure and mining. In May 2025, during the Bitcoin 2025 conference, its CEO Paolo Ardoino announced a clear goal: “To become the largest Bitcoin miner by the end of the year.”
The company has reportedly invested $2 billion in energy and mining-related projects. It is also developing an open-source OS to manage its mining operations, called Tether Mining OS.
A Key Player in Mining?
In less than two years, Tether has shifted from a stablecoin issuer to an aspiring mining giant. This strategic shift, backed by colossal resources and vertical integration (energy + mining + finance), redefines the industry landscape.
For Bitcoin players, the entry of a heavyweight like Tether into the mining arena changes the game: new power dynamics, accelerated industrialization, and perhaps an increased reliance on centralized actors, even in historically underdeveloped regions like South America.
