Tether’s Uruguay Mining Exit Shows the Risk of Unsecured Power
Published on: Sunday 23 August 2026
Tether has abandoned a Bitcoin mining buildout in Uruguay that a former contractor estimated cost roughly $120M, after a dispute with state-owned utility Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE). The dispute is over how much electricity the stablecoin issuer’s contract actually guaranteed, according to a Reuters investigation reviewed ...
News source: https://finance.yahoo.com/markets/crypto/articles/tether-uruguay-mining-exit-shows-075028911.html
