Adecoagro, supported by Tether, to launch bitcoin mining operations in Brazil powered by sugarcane bagasse
ChainCatcher news, according to FinanceFeeds, Adecoagro, a major South American agricultural company supported by Tether, plans to launch a Bitcoin mining operation in Brazil powered by electricity from sugarcane processing, with an initial capacity of 10 megawatts, approximately 1,280 mining machines, expected to start around July 1, 2026. Adecoagro's business covers sugar, ethanol, rice, dairy products, and renewable energy. Tether previously acquired a majority stake in the company.
The mining project will use electricity generated from sugarcane residue (bagasse), and the company owns over 230 megawatts of renewable energy generation capacity in South America. Brazil is one of the world's largest sugarcane producers and has a mature ethanol and bioenergy industry. If the pilot is successful, other agricultural and renewable energy producers may consider mining as a flexible demand source for surplus electricity.
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