Cryptomining company Tether is to deploy Bitcoin mining data centers in Brazil.

As reported by local press quoting Mato Grosso do Sul state governor Eduardo Riedel, the crypto company will be locating mining hardware adjacent to biogas-fired thermoelectric plants in the Ivinhema and Angélica areas of the Brazilian state, owned by its agriculture subsidiary Adecoagro.

Adecoagro owns 210.4 thousand hectares of farmland and several industrial facilities spread across Argentina, Brazil, and Uruguay, where it produces over 2.8 million tons of agricultural products, including rice, dairy, sugar, and ethanol. The company has some 230MW of power generation capacity across South America.

After initially investing $100 million for a 9.8 percent stake in the company last year, Tether Investments acquired a 70 percent controlling stake in Adecoagro in April.

Earlier this month, the two firms signed a Memorandum of Understanding (MoU) to explore a strategic collaboration focused on Bitcoin mining. Governor Riedel has suggested the deployment could total 12MW of capacity.

“We’re excited to explore innovative ways to maximize the value of our renewable energy assets,” Mariano Bosch, Adecoagro co-founder and CEO, said at the time. “This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to the upside potential of Bitcoin.”

The project will be operated using Tether’s Mining OS for site management, which will be open-sourced in the coming months.

”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, Tether CEO, added at the time. “This project is another step in our growing commitment to renewable-powered Bitcoin mining and highlights the potential to align agricultural energy production with cutting-edge digital infrastructure. We believe this model can drive financial inclusion, promote energy efficiency, and serve as a blueprint for responsible innovation at the intersection of technology and sustainability.”

Tether claims to have 15 active mining sites and has previously announced plans for mining operations in Uruguay.

After first launching at the site in 2018, Adecoagro last year announced plans to develop two new biodigesters at the Ivinhema plant by the end of 2027.