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Bonds And Adecoagro signed a memorandum of understanding to explore the Bitcoin mining project using renewable energy in Brazil, according to an. notification Posted 3 July.
Key with you:
- Tether and Adecoagro have signed a memorandum on exploring the mining of bitcoins powered by a renewable energy source in Brazil.
- The project uses the 230 MW energy capacity of Adecoagro and the Tether operating tools.
- South America appears as a new base for crypto infrastructure with renewable sources.
The notification stated that the plan would use 230 megawatts of the renewable energy of Adecoagro in South America to operate Bitcoin mining operations.
Pilgrimage to deploy a mining operating system in South America
Tether will provide infrastructure and surgical supervision through its internal mining operating system, which the company plans to release in the coming months as open source.
“We are excited to explore innovative ways to maximize the value of our renewable energy assets,” said co -founder and CEO of Adecoagro and CEO Mariano Bosch.
“This project opens the door to stabilize the part of the energy that we currently sell on the spot market, blocking in prices, and at the same time gains exposure to the potential of bitcoins,” Bosch said.
The pilot project was approved by the Independent Committee of Adecoagro as part of the transaction policy of related parties. Companies plan to evaluate how Mining of bitcoins It could serve both alternative electricity and as a strategic treasury.
Tether’s CEO Paolo Ardoino said the initiative emphasizes the goal of the company to support decentralized networks with physical infrastructure.
“We believe that this model can control financial integration, promote energy efficiency and serve as a plan for responsible innovations to the penetration of technology and sustainability,” he said.
Getting bitcoins for renewable resources
The Chairman of the Board of Adecoagro Juan Sartori, who also leads the trade initiatives in Tether, described the plan as the convergence of agriculture, energy and technology.
“[The partnership] It allows us to explore a new intersection between agriculture, energy and technology, ”he said.
Companies have stated that the project will assess the viability of the addition of bitcoins to the balance sheet Adecoagro, just as it treats agricultural land assets. The cooperation could also inform about the long -term diversification of the Adecoagro energy strategy.
Bitcoin mining bound to renewable energy attracts the increased attention of energy manufacturers who want to balance loads and monetize excess.
The developing role of South America in sustainable mining also forms how institutions evaluate the exposure of digital assets. While the previous growth of mining focused on North America and Central Asia, companies in Brazil, Paraguay and Argentina are beginning to frame crypto infrastructure within their wider energy and industrial strategies.
Frequently asked questions (FAQ)
What distinguishes the energy profile of Brazil for crypt mining?
Brazil has a high share in renewable electricity-head and biomass-biomass, makes it an attractive base for energy-intensive activities looking for low-carbon operations, including Bitcoins.
How could this affect the reputation of the environmental environment of bitcoins?
If they are a scale, projects like this can move the story around the carbon footprint of bitcoins by anchoring mining operations in pure energy areas, especially in the global south.
Are there the risks to connect corporate energy strategies with crypto markets?
Yes. Volatility of bitcoin prices and regulatory uncertainty could have an impact on financial planning, especially if mining becomes a significant part of the energy demand or treasury of the company.
Contribution Tether focuses on the excess force of South America for mining bitcoins in low carbon-only will volatility bite? He appeared for the first time Cryptonews.
