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Tether quits $120M Uruguay Bitcoin mining bet after UTE power clash - Cryptopolitan

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Tether abandons $120 million Bitcoin mining operation in Uruguay after power dispute

Tether has exited its Bitcoin mining facilities in Uruguay, walking away from an estimated $120 million investment after a prolonged dispute with state utility UTE over power allocation.

Aug 21, 2026·2 sourcesBitcoin miningCrypto regulationEnergy security & geopoliticsStablecoinsBitcoin
Tether abandons $120 million Bitcoin mining operation in Uruguay after power dispute
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Other sources for this story

Reuters

How Tether's bitcoin mining plans in Uruguay unraveled | Reuters