The crypto firm behind the leading US-dollar pegged stablecoin USDT is looking to make Bitcoin (BTC) mining more sustainable.
In a new press release, Tether says it is joining forces with Adecoagro on a renewable energy BTC mining project in Brazil.
Adecoagro is a leading South American sustainable production firm. Tether and Adecoagro have co-signed a Memorandum of Understanding as they explore collaborating on BTC mining. As a result of this project, Adecoagro also plans to add BTC to its corporate balance sheet.
Says Adecoagro Co-Founder and Chief Executive Officer Mariano Bosch of the partnership,
“We’re excited to explore innovative ways to maximize the value of our renewable energy assets.
This project opens the door to stabilizing a portion of the energy we currently sell
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