Last year, Tether acquired Adecoagro,an agro-industrial company operating primarily in Argentina, Brazil, Uruguay, and Chile (#964730). Adecoagro does farming and grows sugar as a commodity as well as a source of ethanol.

• Adecoagro plans to begin Bitcoin mining operations in Brazil around July 1, 2026.
• The project will use electricity generated from sugarcane bagasse, a byproduct of sugar and ethanol production.
• The initial deployment includes 10 megawatts of capacity and approximately 1,280 mining machines.
• Tether, the issuer of USDT, owns a majority stake in Adecoagro and continues expanding its presence in Bitcoin infrastructure and energy related businesses.

As much as Tether is unnerving, I have little doubt that the people who control it will stick bitcoin mining on every energy source they get their hands on.