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Tether’s $120M Uruguay Bitcoin Mining Bet Ends in Power Dispute

Bitcoin.com News·August 25, 2026·1 min read
Tether’s $120M Uruguay Bitcoin Mining Bet Ends in Power Dispute

Tether abandoned a roughly $120 million Bitcoin mining investment in Uruguay after a dispute with the state power company escalated into unpaid bills, an electricity cutoff, and layoffs, according to a Reuters investigation. This setback highlights operational risks in crypto mining ventures.

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