The project, managed by Adecoagro, an agricultural powerhouse, will constitute one of the first initiatives of its kind in Latam. Matheus Lechuga, project manager at Adecoagro, stated that at this first stage, the company seeks to achieve energy efficiency.
Key Takeaways:
Adecoagro and Tether set a July 1st launch for a green bitcoin farm, next boosting eco-friendly markets.Matheus Lechuga revealed a 10 MW farm to power 1,280 rigs, next upgrading bitcoin market efficiency.Tether bought Adecoagro via a $600M deal, blending agriculture and Bitcoin to disrupt energy markets.Mining companies are migrating to cheaper, greener power sources to maintain their operations economically viable and protect the environment.
He stated:
Lechuga stressed that the project aims to generate 10 MW to power 1,280 mining rigs, targeting July 1st as the launch date. “The project’s goal is to achieve energy efficiency,” he highlighted.
Bagasse, a byproduct of the sugarcane refining process, can be used as a biofuel due to its high fibrous content. Burning sugarcane releases less carbon dioxide into the atmosphere than the carbon absorbed by the plant when grown. This means that the whole cycle is carbon-neutral at worst, or even better.
Tether took over Adecoagro after making a $600 million all-cash offer, becoming the majority stakeholder last year.
