POPA ReconTether-Backed Adecoagro to Launch Sugarcane-Powered BTC Mining
Tether-Backed Adecoagro to Launch Sugarcane-Powered BTC Mining Adecoagro is preparing to launch a Bitcoin mining operation in Brazil, with operations targeted to begin around July 1st. The pilot starts with 10 megawatts of capacity and 1,280 mining machines. The project runs on electricity from bagasse, the fibrous residue left after sugarcane is crushed. Mills commonly burn it for power, often generating surplus beyond their own use. For Adecoagro, mining adds a different risk profile to its agricultural cycles, including network difficulty, machine depreciation, Bitcoin price volatility,…
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