🚨🚨🚨BREAKING🚨🚨🚨
Tether’s $120 million bet on BTC mining in Uruguay has been put on hold.
A dispute over unpaid electricity bills and a review of the electricity supply contract led the state-owned company UTE to cut power to the facilities in July 2025, Reuters reported.
This outage derailed a project meant to serve as a base for the expansion of Tether’s Bitcoin mining operations in South America.
Tether’s $120 million bet on BTC mining in Uruguay has been put on hold.
A dispute over unpaid electricity bills and a review of the electricity supply contract led the state-owned company UTE to cut power to the facilities in July 2025, Reuters reported.
This outage derailed a project meant to serve as a base for the expansion of Tether’s Bitcoin mining operations in South America.
