Plant Crypto Roots in Renewable Agriculture: Bitcoin Mining Head to Brazil

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US-based Stablecoin Giant Tether Holdings and South American agribusiness Adecoagro used extra clean power to mine Bitcoin.

According to the release, Adecoagro will put aside some of Crypto Mining’s 230 MW renewable energy capacity. The move aims to provide businesses with a more stable outlet of surplus electricity and provide fresh, green mining sites for tethers.

Energy and Bitcoin join forces

According to Adecoagro CEO Mariano Bosch, the company wants to stabilize its slice of electricity sales by swapping spot market swings to fixed demand channels.

The idea is simple. If the wind or sun output is on top of what the grid can use, the extra juice will fire the bitcoin rig instead of reducing it. This will help Adecoagro lock the price and turn the idle electronic into a potential upside down if Bitcoin climbs.

Tether mining OS is open

Based on the report, Tether doesn’t just write checks. The company uses its own site management software, Mining Mining OS to install and manage mining hardware.

Tether CEO Paolo Ardoino said the system will soon be open-sourced. Mining farms from Europe to Asia can download codes, adjust them and perform cleaner operations. The push for transparency is a way to show critics that crypto mining falls within a low-carbon world.

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Total crypto market cap at $3.31 trillion on the daily chart: TradingView

Governance and monitoring

Juan Sartori sat as both head of Tether’s business initiative and chair of the Adecoagro board of directors, so the independent committee had to register for the transaction.

Reports reveal that the group considered conditions to ensure that neither side had acquired an unfair edge. That extra check will help prevent disputes in related party transactions and will bring investors on board.

Tether and Adecoagro to power Bitcoin mining in Brazil.

For Adecoagro, math is easy. All megawatts are not sold cheaply during midday solar power. Instead, they could crank out Bitcoin rewards.

Now, the company was able to direct dozens of megawatts towards mining, yet still able to provide enough power to farms and towns. If Bitcoin is above critical levels, these mining profits could outweigh sales in the spot market.

Tethers see more than energy value. The company is already expanding its footprint of sustainable mines in North America and Europe. This partnership adds South America to the list.

Paolo Ardoino said it also serves as a blueprint. Tap cheap green energy, run through smart software and share your results with the industry.

Meta featured images, TradingView chart

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