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Mining Bitcoin News

Tether Finally Winds Down Mining Operations in Uruguay

Tether, one of the largest cryptocurrency companies, has finally confirmed its exit from Uruguay after a breakdown in its negotiations with UTE, the national power company. The local press reported that the company fired...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether Finally Winds Down Mining Operations in Uruguay
Tether, one of the largest cryptocurrency companies, has finally confirmed its exit from Uruguay after a breakdown in its negotiations with UTE, the national power company. The local press reported that the company fired 30 workers and notified the national labor ministry (MTSS) of these actions. Tether Leaves Uruguay, Abandons $500 Million Mining Investment The […]

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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