Adecoagro S.A. and Tether Holdings have formally entered into a Memorandum of Understanding (MoU). They’re now poised to jointly investigate a thrilling strategic partnership focused on bitcoin mining. The joint project seeks to capture as much value as possible from Adecoagro’s renewable energy assets. The MoU, which was announced in July 2025, is a major development towards aligning sustainable energy initiatives with the technology underpinning digital assets.

Based in Argentina, Adecoagro is one of South America’s largest sustainable production companies. It now has over 230 MW of renewable electrical generation capacity across the region. Tether, the largest company in the digital asset industry, brings extensive experience in the bitcoin ecosystem to the initiative. This partnership provides Adecoagro with the right expertise and support to explore bitcoin mining. It would be an excellent fallback request for the parents’ renewable energy treasures.

The project's design and operation will leverage the synergies between Adecoagro's energy and industrial expertise and Tether's capabilities in the digital asset space. Adecoagro's Independent Committee has reviewed and approved the pilot project in accordance with the company's bylaws regarding Related Party Transactions.

"We’re excited to explore innovative ways to maximize the value of our renewable energy assets," - Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro.

Collaborating with the public and private sectors, the initiative will promote resilient energy infrastructure and decentralized networks. Adecoagro recognizes that Bitcoin may become a new source of long-term value, similar to its farmland assets, and plans to initiate strategic exposure to Bitcoin on its balance sheet through this mining project.

"Tether brings to the initiative its extensive experience in the bitcoin ecosystem, backed by a rapidly expanding portfolio of sustainable mining initiatives across multiple regions. As part of our long-term strategy to support resilient energy infrastructure and decentralized networks, we’re proud to collaborate with Adecoagro," - Paolo Ardoino, Chief Executive Officer of Tether.

Juan Sartori Chief Business Initiatives Officer Tether He is Executive Chairman of Adecoagro’s Board of Directors, and cut his teeth on the collaboration.

"This collaboration between Adecoagro and Tether allows us to explore a new intersection between agriculture, energy, and technology — unlocking potential efficiencies and diversifying our energy strategy in a responsible and forward-looking manner," - Juan Sartori, Head of Business Initiatives of Tether and Executive Chairman of Adecoagro’s Board of Directors.