Tether’s $120M Uruguay Bitcoin Mining Bet Ends in Power Dispute

NewsTue, 25 Aug 2026 05:30:26 UTC1 hour ago
Tether’s $120M Uruguay Bitcoin Mining Bet Ends in Power Dispute
Tether abandoned a roughly $120 million Bitcoin mining investment in Uruguay after a dispute with the state power company escalated into unpaid bills, an electricity cutoff and layoffs, according to a Reuters investigation. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) […]
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