- Adecoagro launches 1,280 Bitcoin mining rigs powered by energy from sugarcane waste in Brazil in July 2026.
- Tether holds a majority stake in Adecoagro, connecting world’s largest stablecoin to Bitcoin mining.
- Project uses a private electricity grid and sugarcane biomass, avoiding grid dependency and fossil fuels.
Adecoagro, an agribusiness company listed on the NYSE in which Tether holds a majority stake, is launching a Bitcoin mining operation in Ivinhema, Mato Grosso do Sul, Brazil, powered entirely by renewable energy generated from sugarcane waste.
The first phase activates 1,280 mining rigs drawing 10 megawatts of electricity. Operations are scheduled to begin July 1, 2026.
“Our Data Center project aims to validate our entire structure and apply new technological developments. The project focuses on Bitcoin mining using clean energy from sugarcane. Our goal is to achieve energy efficiency, said Matheus Lechuga, Adecoagro’s project manager.
Why Sugarcane Energy
Sugarcane processing generates biomass waste. Rather than discarding that material, Adecoagro burns the residue to generate electricity through its own private grid, turning a byproduct of its core agricultural business into a fuel source for Bitcoin mining.
The model solves two problems simultaneously. It monetizes energy that would otherwise go unused and creates a compliant, verifiable renewable energy source for mining that avoids the regulatory and reputational risks associated with grid-dependent or fossil fuel operations.
Brazil’s central-western states have abundant sugarcane cultivation, water resources, and agribusiness infrastructure, making Mato Grosso do Sul a natural testing ground for this kind of integrated energy-to-mining operation.
The Tether Connection
Tether’s majority stake in Adecoagro links the world’s largest stablecoin issuer directly to a physical Bitcoin mining operation powered by agricultural energy. The connection between stablecoin reserves and Bitcoin mining infrastructure is increasingly relevant as institutional players seek vertically integrated exposure to the crypto economy.
Government Support
The Government of Mato Grosso do Sul actively assisted Adecoagro in obtaining environmental licensing and structuring the business environment for the project.
Governor Eduardo Riedel’s administration has been positioning the state as a hub for digital infrastructure investment, simultaneously signing an educational technology agreement with Google at the same innovation forum where Adecoagro presented its mining plans.
What Comes Next
The July 1 launch date makes this one of the first large-scale agribusiness-to-Bitcoin-mining operations to go live in South America. If the initial 10 megawatt phase validates the model, Adecoagro has the agricultural footprint and energy infrastructure to scale significantly beyond the first 1,280 machines.
Related: Bitcoin Mining Shift: Russia May Lose Its Global Ranking Spot to China
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