TechFlow news, July 4 — According to Prnewswire, Adecoagro, a South American company focused on sustainable production, has signed a memorandum of understanding with stablecoin giant Tether to launch a renewable energy-powered Bitcoin mining project in Brazil. Adecoagro will leverage its 230 megawatts of renewable energy generation capacity in South America to support Bitcoin mining, aiming to monetize surplus energy, enhance grid stability, and promote the development of decentralized networks. Through this project, Adecoagro plans to stabilize part of its energy prices while gaining Bitcoin exposure on its balance sheet. The project will be managed using Tether's Mining OS, which will be open-sourced in the coming months. Adecoagro’s independent committee has reviewed and approved the pilot project.
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