Tether is partnering with South American agribusiness Adecoagro to leverage surplus renewable energy for bitcoin mining in Brazil. The collaboration involves a pilot project that may also lead to incorporating BTC into Adecoagro's balance sheet. Tether, which holds a 70% stake in Adecoagro, aims to become the largest bitcoin miner by the end of 2025, having invested $2 billion in energy and mining operations. Adecoagro, a significant player in food production in South America, has a power generation capacity of 230 megawatts. The CEO of Adecoagro stated that this project provides an opportunity to stabilize energy sales while gaining exposure to bitcoin's potential upside. Tether has developed open-source mining software, Tether Mining OS, further emphasizing its commitment to bitcoin mining. CEO Paolo Ardoino previously mentioned plans to expand Tether's footprint in the mining sector, underlining their ambitious growth objectives for the year.

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