Because who doesn’t love a good crypto gamble? ๐ค
- Tether has partnered with South American agribusiness and energy firm Adecoagro to launch a Bitcoin mining project in Brazil, because why not? ๐คทโโ๏ธ
- This initiative is aimed at monetizing Adecoagro’s excess renewable energy by converting it directly into Bitcoin, because who needs actual money when you can have crypto? ๐ธ
- Tether is pushing through despite facing an ongoing $4 billion lawsuit from Celsius Network in the U.S. bankruptcy court, because when you’re a big player in the crypto game, you’ve got to roll with the punches ๐ฅ
ย
Tether has partnered with Adecoagro to launch a Bitcoin mining project, because who doesn’t love a good game of crypto roulette? ๐ฒ This initiative will be powered entirely by renewable energy and will tap into Adecoagro’s surplus energy, because going green is all the rage these days ๐
It will also turn previously unused resources directly into Bitcoin, because who needs actual resources when you can have digital ones? ๐ค Here’s how this partnership could set the tone for how Bitcoin mining can be combined with clean energy production, because we all love a good underdog story ๐
A Green Vision for Bitcoin Mining (Because We All Love a Good Oxymoron) ๐ฟ
According to a press release from Tether, the joint project between both companies will make use of over 230 megawatts (MW) of renewable electricity, generated by Adecoagro’s operations across South America, because who doesn’t love a good game of “find the megawatt”? ๐ Both of these companies have signed a Memorandum of Understanding (MoU) to look into the project’s inner workings, because when you’re dealing with crypto, you’ve got to cover your bases ๐
Tether, the world’s largest stablecoin issuer, is planning to launch a pilot project with Adecoagro, a South American agriculture company, to mine Bitcoin using surplus renewable energy in Brazil. Adecoagro owns 230 MW of power generation capacity across South America. Do youโฆ
โ American Bitcoin (@AmericanBTC)
So far, the goal of the initiative is to investigate how surplus energy can be monetized, because who doesn’t love a good mystery? ๐ง This is especially when it comes to energy that would otherwise be sold on the spot market at lesser rates, because who doesn’t love a good bargain? ๐๏ธ
Instead of allowing excess energy to go unused, Adecoagro will now feed this energy into a mining operation managed by Tether, because when you’re in the crypto game, you’ve got to think outside the box ๐ฆ
โThis project opens the door to stabilizing a portion of the energy we currently sell on the spot market while gaining exposure to the upside potential of Bitcoin,โ said Mariano Bosch, CEO and Co-Founder of Adecoagro, because when you’re a CEO, you’ve got to sound smart ๐ก
Tether Is Adopting Renewable-Powered Mining (Because It’s the Cool Thing to Do) ๐
For Tether, this project stands as another step in its approach towards renewable energy and decentralized infrastructure, because who doesn’t love a good buzzword? ๐ค
The company is already involved in several sustainable mining ventures around the world, because when you’re a big player in the crypto game, you’ve got to diversify ๐ This time around, it plans to manage the Brazil operation using its proprietary Mining operating system, because when you’re in the crypto game, you’ve got to have a good OS ๐
The company also announced it would soon open-source this operating system to promote accountability and similar mining practices elsewhere around the world, because when you’re in the crypto game, you’ve got to be transparent ๐
โTether is proud to collaborate with Adecoagro,โ said Paolo Ardoino, CEO of Tether, because when you’re a CEO, you’ve got to sound enthusiastic ๐
Bitcoin As The Ultimate Asset for Agribusiness? (Because Why Not?) ๐ค
One of the most interesting aspects of the partnership is Adecoagro’s long-term view of Bitcoin, because when you’re in the crypto game, you’ve got to think long-term ๐ฎ
The company plans to include the mining operation on its balance sheet, because when you’re a company, you’ve got to keep track of your assets ๐ Besides, it aims to treat Bitcoin as a strategic asset, just like its other long-term holdings like farmland, because when you’re in the crypto game, you’ve got to diversify ๐พ
Moreover, the company, converting its surplus energy into Bitcoin is setting itself up to benefit from the asset’s growth over the long term, because when you’re in the crypto game, you’ve got to think about the future ๐ฎ
According to Adecoagro, the addition of Bitcoin mining to its operations will also help them reduce reliance on unstable spot energy markets, because when you’re in the crypto game, you’ve got to be prepared for anything ๐ช๏ธ Additionally, they’ll look into new tech-driven revenue streams, because when you’re in the crypto game, you’ve got to stay ahead of the curve ๐
Tether Legal Hurdles and Global Implications (Because Crypto Is Never Easy) ๐คฏ
While the Brazil project is a step in the right direction, Tether is currently dealing with a few legal challenges in the United States, because when you’re in the crypto game, you’ve got to expect the unexpected ๐คฏ
The company is currently facing a lawsuit from Celsius Network, in which the company alleges that Tether mismanaged over 39,500 Bitcoin during its collapse in 2022, because when you’re in the crypto game, you’ve got to be prepared for anything ๐ช๏ธ The case is currently ongoing in U.S. bankruptcy court, because when you’re in the crypto game, you’ve got to be ready for a fight ๐ฅ
Celsius just won a major round in its $4B lawsuit against Tether.
A U.S. judge says the case can move forward over claims that Tether sold 39,500 early during the 2022 crash, breaking their deal.
If Celsius wins, this could set a BIG example for how crypto firms areโฆ
โ Greg Miller (@greg_miller05)
Elsewhere around the world, the debate around subsidized Bitcoin mining is still ongoing, because when you’re in the crypto game, you’ve got to stay informed ๐ฐ The IMF has recently rejected proposals from Pakistan to subsidize mining operations, because when you’re in the crypto game, you’ve got to expect the unexpected ๐คฏ
Overall, Tether’s approach towards private capital and renewable energy offers a possible workaround for this, because when you’re in the crypto game, you’ve got to think outside the box ๐ฆ A framework that avoids reliance on taxpayer support while still converting surplus energy into Bitcoin, because when you’re in the crypto game, you’ve got to be creative ๐จ
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2025-07-04 15:59