#TetherEndsUruguayBitcoinMining #TetherEndsUruguayBitcoinMining 🇺🇾₿
Tether has abandoned its **Bitcoin mining operation in Uruguay** after a prolonged dispute with state utility **UTE over electricity supply**. The two mining sites were estimated to have cost around **$120 million**. ([Reuters][1])
The project, launched in 2023 as Tether’s entry point into South American mining, struggled with power shortages and contract disagreements. UTE eventually cut power to the sites in July 2025, and Tether later ceased operations. ([Reuters][1])
**Market takeaway:** ⚡ Rising energy costs and limited power availability are making Bitcoin mining increasingly challenging, pushing miners toward cheaper energy and alternative uses such as **AI and high-performance computing**.
#Tether #Bitcoin #BTC #Crypto #BitcoinMinin g #Uruguay #Mining #Energy #CryptoNews
[1]: $BTC
$TETH.ETF
Tether has abandoned its **Bitcoin mining operation in Uruguay** after a prolonged dispute with state utility **UTE over electricity supply**. The two mining sites were estimated to have cost around **$120 million**. ([Reuters][1])
The project, launched in 2023 as Tether’s entry point into South American mining, struggled with power shortages and contract disagreements. UTE eventually cut power to the sites in July 2025, and Tether later ceased operations. ([Reuters][1])
**Market takeaway:** ⚡ Rising energy costs and limited power availability are making Bitcoin mining increasingly challenging, pushing miners toward cheaper energy and alternative uses such as **AI and high-performance computing**.
#Tether #Bitcoin #BTC #Crypto #BitcoinMinin g #Uruguay #Mining #Energy #CryptoNews
[1]: $BTC
$TETH.ETF