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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 investigati...

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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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Bitcoin is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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