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Stablecoin issuer Bonds signed a memorandum of understanding (mine) with Adecoagro SA to explore strategic cooperation focused on renewable drive Bitcoin Mining, according to July 3 declaration.
Adecoagro, one of the leading producers of South America sustainable agricultural goods and energy, evaluates how more than 230 MW the capacity of renewable energy can be used to support energy -intensive industries such as Bitcoins.
Mariano Bosch, Adecoagro CEO, said:
“This project opens the door to stabilize part of the energy that we currently sell on the spot market, blocking prices, and at the same time gains exposure to the potential of bitcoins.”
Cooperation will focus on optimizing excess energy production and at the same time develop new models for digital infrastructure linked to pure energy sources.
Adecoagro also considers this initiative to be a way to introduce the exposition of bitcoins by their company balance sheet gradually and consider it potential storage of value similar to its assets of agricultural land.
The pilot mining project will operate on the Tether proprietary operating operating operating operating operating system, a platform for managing a site that is expected to open in the coming months.
Tether ceo Paolo Ardoino She said the initiative reflects the company’s obligation to support responsible bitcoin mining.
He added:
“This project is the next step in our growing commitment to renewable bitcoin mining and emphasizes the potential to align agricultural energy production with top digital infrastructure. We believe that this model can lead to financial integration, promote energy efficiency and serve as blueprint for responsible innovations and sustainability.”
In the meantime Excellent shares of Adecoagro.
The agreement signals deeper strategic alignment because both companies are exploring ways to combine traditional infrastructure with technologies based on blockchain.
This step comes in the middle of a wider effort of Tether diversifying his business USDT, the largest stablecoin in the world with market capitalization exceeding $ 158 billion.
The company recently embarked on Artificial intelligence, Crypto education and scalable infrastructure Within its expanding digital strategy.
