Tether-Backed Adecoagro Plans 10 MW Sugarcane‑Powered Bitcoin Mining Pilot in Brazil

Overview

• Adecoagro, now majority owned by Tether, said it will deploy a roughly 10 megawatt pilot in Ivinhema that targets starting operations on July 1, 2026 with about 1,280 mining machines.
• The site will use electricity from bagasse, the fibrous residue left after sugarcane is crushed, which mills burn to make steam and power and which can produce predictable surplus electricity.
• Adecoagro’s independent committee reviewed and approved the related‑party pilot as part of procedural governance tied to Tether’s ownership.
• Tether will supply operational tools including its Mining OS to manage the site and has publicly said that the software will be open‑sourced, positioning the launch as a technical validation rather than a full commercial roll‑out.
• Local officials in Mato Grosso do Sul aided licensing and business structuring for the project and observers say the pilot could prove a new revenue use for agro‑industry power or raise scrutiny over actual emissions and grid impacts, so regulators, market watchers and nearby communities will be key to watch next.