Tether Chief Executive Officer Paolo Ardoino said on X that the company now holds about 70% of shares in agricultural business Adecoagro through a tender offer. The confirmation ties Tether more closely to a company whose operations span sugarcane, rice, dairy and renewable power in South America. Adecoagro, listed under the ticker AGRO, has more than 14,500 dairy cows and runs over 230 megawatts of renewable energy generation capacity in the region.
The two companies had already signed a memorandum of understanding on Bitcoin mining in September 2025. Under that arrangement, excess electricity from Adecoagro could be directed to Bitcoin mining instead of being sold into the spot market, which the report described as volatile. Tether is using its own open-source mining software to directly manage mining site operations. Following the development, AGRO shares closed up 5.96% on Monday, giving the company a valuation close to $1.55 billion. The item was cited by BeInCrypto and carried by Techub News.
Tether CEO Paolo Ardoino said in a post on X that Tether holds about 70% of agricultural conglomerate Adecoagro (AGRO) through a tender offer.
Adecoagro runs farming, dairy and renewable power assets
Adecoagro’s core businesses include sugarcane, rice and dairy. The company has more than 14,500 dairy cows and operates more than 230 megawatts of renewable power generation facilities in South America.
Bitcoin mining cooperation was signed in September 2025
The two sides signed a memorandum of understanding on Bitcoin mining in September 2025. Under the arrangement, Adecoagro’s excess electricity can be used for Bitcoin mining instead of being sold into the spot market, which was described as volatile. Tether uses its own open-source mining software to directly control mining site operations.
AGRO shares rose after the confirmation
After the news, AGRO shares closed up 5.96% on Monday, putting the company’s valuation close to $1.55 billion.
The report cited BeInCrypto.
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