Tether CEO Posts “Stable Cow” GIF — Confirms 70% Stake in Adecoagro

Tether chief executive Paolo Ardino shared a cow GIF on X with the caption “Here’s a Stable Cow,” confirming that the stablecoin issuer now holds roughly a 70% stake in Argentine agribusiness Adecoagro (ticker: AGRO).

Majority Ownership of Adecoagro

Through a tender offer completed in 2025, Tether increased its holding in Adecoagro to about 70% of the company’s shares. Adecoagro operates farms that produce sugarcane, rice, and dairy, and it manages more than 14,500 milking cows across four free‑stall dairy units in the Argentine Humid Pampas.

Energy Production and Bitcoin Mining

Adecoagro controls over 230 MW of renewable generation in South America. The company generates power from sugarcane bagasse, biogas produced in two on‑site biodigesters, and cogeneration at its mills. In September 2025 the two firms signed a mining memorandum that allows Tether to route surplus electricity to Bitcoin mining rigs, reducing reliance on volatile spot‑market power purchases.

Financial Impact

• AGRO closed at $11.38 per share, up 5.96%, valuing the company at approximately $1.55 billion.
• KPMG signed off on Adecoagro’s 2025 accounts, though the verified excess reserve cushion for Tether has reportedly shrunk by about 40% since then.

Strategic Implications

The partnership positions Tether’s mining operations as an energy‑infrastructure business, giving it direct control over power costs, uptime, and rig fleets through its open‑source mining software. Observers will watch upcoming earnings to see whether the arrangement delivers cost advantages over traditional grid contracts.