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Tether Abandons $120M Uruguay Bitcoin Mining Project After Power Dispute 

By Yasmin Werner at 2026-09-29 16:59

Sentiment: Negative

TLDR Tether abandons two Uruguay Bitcoin mining sites after a major power dispute. The failed Uruguay mining project reportedly cost Tether about $120 million. UTE cut electricity after contract talks failed and unpaid bills still remained. Tether had planned to use Uruguay as a launchpad for South American mining. Rising power costs and weaker mining [...] The post Tether Abandons $120M Uruguay Bitcoin Mining Project After Power Dispute  appeared first on CoinCentral. Continue reading...

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