Adecoagro (NYSE: AGRO), the South American agribusiness company with Tether as its majority shareholder, is set to begin Bitcoin mining operations in Brazil using electricity generated from sugarcane waste, with a target launch date of July 1, 2026, according to various local reports. 

The project will be based in Ivinhema, in the state of Mato Grosso do Sul, and will start with 10 megawatts of capacity and approximately 1,280 Bitcoin mining machines. 

Matheus Lechuga, the project manager at Adecoagro, confirmed the initiative during the “Roots of the Future – Technology and Innovation to Build Tomorrow” forum held on June 1, 2026.

The energy source is bagasse — the…

Read more on BitcoinMagazine