#TetherEndsUruguayBitcoinMining
Tether just walked away from a $120M Bitcoin mining bet — but if you think Tether is quitting mining, you've got the story backwards.
The facts: Tether abandoned two mining sites in Uruguay after a dispute with state utility UTE over power. Tether read its contract as a minimum electricity guarantee; UTE treated it as a hard cap. Bills went unpaid, power was cut in July 2025, and operations shut by November.
The real takeaways:
This is a mining-economics story. Post-2024-halving, thin margins punish anyone without cheap, reliable power. Bitcoin mining is "hypermobile" — plug-and-play rigs move the moment energy terms sour. Tether isn't retreating: $2B+ across 15+ sites, open-source MiningOS, stakes in Bitdeer and Antalpha, and a fresh Brazil pilot.
Energy access — not hashrate — is the real moat in mining now.
Does mining's future belong to whoever controls the cheapest power? 👇
#TetherEndsUruguayBitcoinMining #Bitcoin #BTC #Mining
Tether just walked away from a $120M Bitcoin mining bet — but if you think Tether is quitting mining, you've got the story backwards.
The facts: Tether abandoned two mining sites in Uruguay after a dispute with state utility UTE over power. Tether read its contract as a minimum electricity guarantee; UTE treated it as a hard cap. Bills went unpaid, power was cut in July 2025, and operations shut by November.
The real takeaways:
This is a mining-economics story. Post-2024-halving, thin margins punish anyone without cheap, reliable power. Bitcoin mining is "hypermobile" — plug-and-play rigs move the moment energy terms sour. Tether isn't retreating: $2B+ across 15+ sites, open-source MiningOS, stakes in Bitdeer and Antalpha, and a fresh Brazil pilot.
Energy access — not hashrate — is the real moat in mining now.
Does mining's future belong to whoever controls the cheapest power? 👇
#TetherEndsUruguayBitcoinMining #Bitcoin #BTC #Mining