Adecoagro’s (NYSE: AGRO), a South American agribusiness firm with Tether, as its largest shareholder, plans to start Bitcoin mining operations using electricity produced from sugarcane scraps in Brazil, with an estimated launch date of 1 July 2026. reports.
This project, which will have its headquarters in Ivinhema in Mato Grosso do Sul state, will initially start out with approximately 1,280 Bitcoin-mining machines and 10 megawatts.
Matheus Lechuga from Adecoagro confirmed that the initiative was taken during the “Roots of the Future – Technology and Innovation to Build Tomorrow” Forum held on 1 June 2026
The energy source is bagasse — the fibrous residue left after sugarcane stalks are crushed during sugar and ethanol production. The bagasse residue is used to create steam and power for sugar mills.
This process creates surplus power in large plants. The excess electricity can then be used for energy-intensive activities such as Bitcoin mining.
Adecoagro holds more More than 230 megawatts in renewable energy generation capacity are available across South America.
The pilot’s 10-megawatts represents only a small fraction of the installed base. This makes it a test to see if Bitcoin mining is scalable and can be used as an addition to power sales.
TetherOne of the best capitalized digital asset companies, USDT, is the company that issued the USDT Stablecoin. acquired Adecoagro will have a majority stake, and thus exposure to commodities, land, renewable energy, and agricultural infrastructure. Adecoagro is the operating arm of this Bitcoin mining project.
Bitcoin mining uses surplus energy
Adecoagro Tether were first introduced in the September of 2009 signed Memorandum of Understanding to investigate a possible partnership in Brazil focused on Bitcoin Mining powered by Renewable Energy. By linking agriculture energy production to digital infrastructure, the initiative hopes to improve grid stability, monetize energy surplus and support decentralized network.
Tether will provide expertise on digital assets, sustainable mining and its own proprietary Mining OS. This will be used to manage the site and will likely become open source.
Adecoagro also uses the pilot to reflect its broader strategy of diversifying its energy usage and adding Bitcoin to its financial statements, positioning Bitcoin alongside other traditional assets such as farmland to serve as a store of long-term value.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
