Bitcoin

Renewable Energy

Plant

Tether-backed agricultural giant Adecoagro is moving into Bitcoin <a href="https://x.com/search?q=%24BTC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$BTC</a> mining using an unconventional energy source: sugarcane waste. The company plans to convert bagasse, the fibrous byproduct left over after sugarcane processing, into electricity to power its mining operations in Brazil.
<h2 id="from-sugarcane-fields-to-mining-rigs">From Sugarcane Fields to Mining Rigs</h2>
<cite>Tether Holdings and Adecoagro S.A. (NYSE: AGRO) signed a Memorandum of Understanding to explore a strategic collaboration focused on Bitcoin mining.</cite> The first phase of the project will deploy 1,280 miners, with a planned launch in early July 2026.
<cite>Mining hardware will be located adjacent to biogas-fired thermoelectric plants in the Ivinhema and Angélica areas of the Brazilian state of Mato Grosso do Sul, owned by Adecoagro.</cite><cite>Adecoagro has more than 230 MW of electrical generation capacity from renewable sources across South America.</cite>
<cite>In addition to monetizing surplus energy, Adecoagro recognizes that Bitcoin may become a new source of long-term value, like its farmland assets, and plans to use this mining project to initiate certain strategic exposure to Bitcoin in its balance sheet.</cite>
<h2 id="a-strategic-play-for-tether-and-adecoagro">A Strategic Play for Tether and Adecoagro</h2>
<cite>Tether Investments acquired a 70 percent controlling stake in Adecoagro.</cite> The partnership is designed to solve a practical problem for the agribusiness: <cite>Adecoagro currently sells excess renewable energy on spot markets, and the Bitcoin mining collaboration offers an opportunity to stabilize energy revenues through long-term pricing agreements while gaining exposure to Bitcoin's potential upside.</cite>
<cite>The project will be operated using Tether's Mining OS for site management, which will be open-sourced in the coming months.</cite><cite>Tether aims to become the largest Bitcoin miner by the end of the year and has invested $2 billion in energy and mining operations, according to CEO Paolo Ardoino.</cite>
<cite>The partnership represents a growing trend of traditional energy producers turning to Bitcoin mining as a way to monetize stranded or surplus renewable energy capacity, particularly in regions where grid infrastructure may be limited or where energy prices are volatile.</cite>
Sources: <a href="https://tether.io/news/tether-and-adecoagro-to-power-bitcoin-mining-with-renewable-energy-in-brazil/" rel="noopener noreferrer nofollow">Tether Official Announcement: Tether and Adecoagro to Power Bitcoin Mining With Renewable Energy in Brazil</a> <a href="https://ir.adecoagro.com/adecoagro-and-tether-to-power-bitcoin-mining-with-renewable-energy-in-brazil/" rel="noopener noreferrer nofollow">Adecoagro Investor Relations: Adecoagro and Tether to Power Bitcoin Mining With Renewable Energy in Brazil</a> <a href="https://www.datacenterdynamics.com/en/news/tether-to-place-cryptomining-hardware-at-biogas-plant-in-brazil/" rel="noopener noreferrer nofollow">Data Center Dynamics: Tether to Place Cryptomining Hardware at Biogas Plant in Brazil</a>

Bitcoin To Be Mined With Sugarcane Power?

Table of Contents

BSCN

Other articles published on Jun 3, 2026

Join our free newsletter for daily crypto updates!