Category uruguay
Tether’s Shocking Uruguay Mining Exit: How Electricity Costs Crushed $500M Crypto Dreams
BitcoinWorld
Tether’s Shocking Uruguay Mining Exit: How Electricity Costs Crushed $500M Crypto Dreams
In a stunning development that’s sending sho...
Nov, 28, 2025
4 min read
by Bitcoin World
Tether Shuts Down Uruguay Mining Operations Over Energy Tariffs
The company had planned to invest up to $500 million in Uruguay, but cited high energy prices and regulatory hurdles as reasons for its pullout.
Nov, 28, 2025
by CoinDesk
Tether Finally Winds Down Mining Operations in Uruguay
Tether, one of the largest cryptocurrency companies, has finally confirmed its exit from Uruguay after a breakdown in its negotiations with UTE, th...
Nov, 28, 2025
by Bitcoin News
Tether Ceases Operations in Uruguay Citing High Energy Costs
Tether has laid off 30 of its 38 staff in Uruguay, halting its massive $500 million crypto mining operations, citing high electricity costs.
The po...
Nov, 27, 2025
2 min read
by Cryptonews
Shocking: Tether Abandons $500 Million Crypto Mining Operation in Uruguay
BitcoinWorld
Shocking: Tether Abandons $500 Million Crypto Mining Operation in Uruguay
In a stunning reversal, Tether has abruptly halted its mass...
Nov, 27, 2025
3 min read
by Bitcoin World