Tether Halts Bitcoin Mining in Uruguay Over $4.8 Million Power Dispute

Tether has halted its Bitcoin mining operations in Uruguay, laying off 30 workers due to a $4.8 million power dispute with the country’s state electricity company, UTE. This decision follows Tether’s initial investment of $500 million planned for environmentally friendly mining practices, which was disrupted by unpaid bills totaling $2 million.