Key facts
- Adecoagro, majority-owned by Tether, will launch a Bitcoin mining operation in Brazil.
- The operation will use electricity generated from sugarcane residue (bagasse).
- The pilot project is scheduled to begin around July 1, 2026.
- Initial capacity will be 10 megawatts with 1,280 mining machines.
- Adecoagro has existing renewable energy generation capacity of over 230 megawatts.
Tether, the issuer of the world's largest stablecoin, is expanding into Bitcoin mining through its majority-owned South American agribusiness company, Adecoagro. The pilot operation, set to launch around July 1, 2026, in Brazil, will utilize electricity generated from sugarcane residue, known as bagasse. This biomass energy will power an initial 10-megawatt mining facility equipped with approximately 1,280 machines. Adecoagro already possesses a substantial renewable energy infrastructure, producing over 1 million MWh annually from its operations across Brazil, Argentina, and Uruguay. This project is viewed as a validation phase to test the integration of digital asset infrastructure with existing agricultural and renewable energy operations, leveraging surplus energy from its co-generation processes. Tether's investment aims to align with CEO Paolo Ardoino's strategy to become a leading Bitcoin miner, utilizing renewable energy sources.