According to Adecoagro CEO Mariano Bosch, the company wants to stabilize a slice of its power sales by swapping spot‑market swings for a fixed demand channel.
The idea is simple. When wind or solar output tops what the grid can use, instead of cutting back, the extra juice will fire up Bitcoin rigs. That should help Adecoagro lock in prices and turn idle electrons into potential upside if Bitcoin climbs.
Paolo Ardoino, Tether’s CEO, said the system will be open‑sourced soon. Mining farms from Europe to Asia could download the code, tweak it, and run cleaner operations. That push for transparency is a way to show critics that crypto mining can fit into a low‑carbon world.
Since Juan Sartori sits both as Tether’s Head of Business Initiatives and Adecoagro’s board chair, an independent committee had to sign off on the deal.
Reports have disclosed that the group reviewed the terms to make sure neither side got an unfair edge. That extra check helps guard against conflicts in related‑party transactions and keeps investors on board.
For Adecoagro, the math is straightforward. Every megawatt not sold cheaply during midday solar peaks could instead crank out Bitcoin rewards.
Tether sees more than energy value. The firm has been growing its footprint of sustainable mines in North America and Europe already. This partnership adds South America to the list.
Paolo Ardoino said it also serves as a blueprint: tap cheap green energy, run it through smart software, and share the results with the industry.
Featured image from Meta, chart from TradingView
