Tether-Backed Adecoagro To Launch Sugarcane-Powered Bitcoin Mining In Brazil

BTC

BTC/USDT

$79,650.67

-1.73%

$79,650.67

-1.73%

(24s)

24h Volume

$17,695,301,355.26

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0011%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

Bitcoin Magazine Editorial

(04:29 PM UTC)

1 min read

Updated byJames Mitchell

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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…