How Tether’s bitcoin mining plans in Uruguay unraveled

Tether abandons $120M Uruguay Bitcoin mining project after power dispute

Tether’s planned Bitcoin mining expansion in Uruguay has collapsed after an electricity supply dispute with state utility UTE left two facilities without enough power, ending a project estimated to have cost around $120 million. Reuters has reported that Tether abandoned…

How Tether’s bitcoin mining plans in Uruguay unraveled

By Lucinda Elliott and Elizabeth Howcroft MONTEVIDEO/PARIS, Aug 21 (Reuters) - Uruguay seemed like the perfect place for cryptocurrency giant Tether to launch a bitcoin mining operation. The company, which has issued nearly two thirds of all stablecoin...

Tether Pulls Plug on $120M Bitcoin Mining Venture in Uruguay Following Electricity Conflict

Tether abandons its $120M Uruguay Bitcoin mining operation after electricity supply dispute with UTE forces shutdown of two major facilities. The post Tether Pulls Plug on $120M Bitcoin Mining Venture in Uruguay Following Electricity Conflict appeared first on Blockonomi.