TL;DR
- Tether signed a deal with Adecoagro to launch a Bitcoin mining operation in Brazil powered entirely by renewable energy.
- The project will monetize Adecoagro’s surplus electricity and use Mining OS. Tether’s mining management software, which will be released as open source.
- It also signed an agreement with Zanzibar to integrate USDT and XAUT into official payment systems and provide blockchain education in schools and universities.
Tether reached an agreement with Adecoagro to develop a Bitcoin mining project in Brazil, powered exclusively by renewable energy sources.
The initiative aims to monetize surplus power that the agribusiness company currently sells on the spot market while channeling capital into Bitcoin as a reserve asset. Adecoagro, which operates over 230 megawatts of clean generation capacity in South America, is looking to diversify its revenue streams.
The project will use Mining OS, Tether’s mining operations management software, which will be released as open-source in the coming months. Adecoagro’s independent committee has already approved the pilot, which will allow the company to monetize excess power and stabilize part of its market pricing through a decentralized asset.
Tether Strengthens Ties with Companies and Governments
The available energy capacity would allow for the deployment of an ASIC mining farm capable of reaching a hashrate of around 6.9 exahashes per second. Representing about 1.6% of Bitcoin’s current network power.
Paolo Ardoino, CEO of Tether. Said the agreement aligns with the company’s sustainable mining expansion strategy. And helps integrate agricultural power generation with digital infrastructure. Tether aims to become the largest institutional Bitcoin miner by the end of 2025. And has already disclosed holding over 100,000 BTC, valued at more than $10 billion.
Additionally, Tether announced a partnership with the government of Zanzibar. Their objetive its to promote blockchain education and boost digital payments adoption in the region. The initiative includes adding cryptocurrency-related content to academic programs. And integrating its USDT and XAUT stablecoins into ZanMalipo, the state-run payments platform. This program will enable residents to interact legally with cryptocurrencies through official channels. Seeking to improve financial inclusion in an economy with limited access to formal banking services.
