Tether-backed Adecoagro to launch bagasse-powered Bitcoin mining operations in Brazil

CoinFeed reported on June 3rd that, according to FinanceFeeds, Adecoagro, a large South American agricultural company backed by Tether, plans to launch a Bitcoin mining operation in Brazil powered by electricity generated from sugarcane processing. The initial capacity is 10 megawatts, with approximately 1,280 mining rigs, and is expected to launch around July 1, 2026. Adecoagro's business encompasses sugar, ethanol, rice, dairy products, and renewable energy. Tether previously acquired a majority stake in the company. The mining project will utilize electricity generated from sugarcane bagasse (sugarcane residue). The company has over 230 megawatts of renewable energy generation capacity in South America. Brazil is one of the world's largest sugarcane producers and has a mature ethanol and bioenergy industry. If the pilot is successful, other agricultural and renewable energy producers may view mining as a flexible source of surplus electricity.