July 3, 2025 – Tether Holdings (“Tether”), a major player in the digital asset sector, and Adecoagro S.A. (NYSE: AGRO) (“Adecoagro”), a prominent South American firm specializing in sustainable agricultural production, have jointly announced the signing of a Memorandum of Understanding (MoU). This agreement signals their intention to explore a strategic partnership focused on the realm of Bitcoin mining.
As global efforts intensify toward adopting cleaner and more effective energy solutions, Bitcoin mining is being recognized as a valuable method for capitalizing on excess energy, bolstering grid reliability, and fostering the expansion of decentralized networks. This collaborative venture will investigate how renewable energy resources can be effectively utilized to support the digital economy, thereby opening up opportunities for greater efficiency where technology and infrastructure converge.
“We are very enthusiastic about examining cutting-edge approaches to maximize the value derived from our renewable energy assets,” stated Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro. “This initiative presents a chance to stabilize a portion of the energy we currently trade on the spot market, secure fixed pricing, and simultaneously gain exposure to the potential upside of Bitcoin.”
“Tether contributes its extensive knowledge of the Bitcoin environment to this partnership, supported by a rapidly growing collection of sustainable mining ventures located in various parts of the world. As part of our long-term vision to strengthen resilient energy infrastructure and decentralized networks, we are pleased to join forces with Adecoagro,” commented Paolo Ardoino, Chief Executive Officer of Tether. “This project represents another advancement in our escalating dedication to Bitcoin mining powered by renewable energy and emphasizes the possibilities for aligning energy generation from agricultural sources with state-of-the-art digital infrastructure. We firmly believe this model can foster financial inclusion, advance energy efficiency, and act as a model for responsible innovation at the intersection of technology and sustainability.”
“This collaboration between Adecoagro and Tether allows us to explore a new point where agriculture, energy production, and technology meet – creating prospects for increased efficiency and diversifying our energy strategy in a responsible and future-oriented manner,” emphasized Juan Sartori, Head of Business Initiatives at Tether and Executive Chairman of Adecoagro’s Board of Directors.
Adecoagro possesses over 230 MW of electrical generation capacity sourced from renewable sources throughout South America. This joint project will enable them to evaluate the viability of Bitcoin mining as an alternative source of demand. Beyond capitalizing on surplus energy, Adecoagro acknowledges Bitcoin’s potential to become a long-term store of value, similar to its farmland assets, and intends to leverage this mining operation to establish a specific strategic allocation to Bitcoin within its balance sheet. The project’s design and implementation will benefit from significant synergies between Adecoagro’s energy and industrial know-how and Tether’s expertise in the digital asset space.
The project’s operational aspects will be managed utilizing Tether’s Mining OS for site management, which is scheduled to be released under an open-source license in the coming months.
In accordance with Adecoagro’s regulations concerning Related Party Transactions, the Company’s Independent Committee has conducted a review and granted approval for this pilot project.
Both Tether and Adecoagro will issue further updates as the project progresses.