“The Issuer of Tether Stablcoins and Adecoagro agro -industrial holding have signed a memorandum on mutual understanding of cooperation in the Bitcoin mining area. Partners plan to use excess renewable energy to power infrastructure. Adecoagro has 230 MW in South America. The company believes that mining will allow more efficient to monetize surplus energy that is now selling in the spot market, as well as stabilizing it […]”, – WRITE: Businessua.com.ua
The Issuer of Tether Stablcoins and Adecoagro agro -industrial holding have signed a memorandum on mutual understanding of cooperation in the Bitcoin mining area. Partners plan Use excess renewable energy to power infrastructure.
Adecoagro has 230 MW in South America. The company believes that mining will allow more efficient to monetize excess energy that is now sold in the spot market, as well as stabilize its price. The holding plans to leave part of the bitcoins of the bitcoins on the balance sheet, considering the cryptoa as a long -term resource – at the level of agricultural land.
The project will be part of the Tether initiative to support energy infrastructure and the development of environmental mining.
“This project is another step in our dedication of bitcoin mining on renewable energy sources. It emphasizes the potential for combining energy agriculture with digital infrastructure, ”CEO Tether Paolo Adoino commented.
The operation was killed by Tether business initiative and at the same time chairman of the Adecoagro Board Juan Sartor. Due to the conflict of interest, the decision to launch the pilot project was made by the independent Adecoagro committee.
The mining farm will be managed using Tether Mining OS, the company’s own operating system.
We will remind, in June, Tether President Paolo Ardoino announced the company plans to open the initial Mining OS code in order to “reduce the gap between public companies there smaller players.”
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