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Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil

Tether and Adecoagro Partner to Establish Green Energy Bitcoin Mining Operation in Brazil

Tether, one of the largest companies in the cryptocurrency space, and Adecoagro, a Latam-based agricultural company, have teamed up to explore new bitcoin mining opportunities in Brazil. The two companies have signed a Memorandum of Understanding (MoU) to this end, aiming to monetize the energy surpluses of Adecoagro’s renewable energy generation.

While Adecoagro is currently selling this excess energy at spot market prices, this collaboration would allow the two companies to invest in a new reserve asset, potentially increasing the revenue obtained from this green energy.

Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil

Tether and Adecoagro Partner to Establish Green Energy Bitcoin Mining Operation in Brazil

Tether, one of the largest companies in the cryptocurrency space, and Adecoagro, a Latam-based agricultural company, have teamed up to explore new bitcoin mining opportunities in Brazil. The two companies have signed a Memorandum of Understanding (MoU) to this end, aiming to monetize the energy surpluses of Adecoagro’s renewable energy generation.

While Adecoagro is currently selling this excess energy at spot market prices, this collaboration would allow the two companies to invest in a new reserve asset, potentially increasing the revenue obtained from this green energy.

https://news.bitcoin.com/adecoagro-partners-with-tether-to-pioneer-renewable-energy-use-for-bitcoin-mining-in-brazil/