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Tether’s Uruguay Mining Operations Stall Due To $5-M Energy Debt — Details

Bitcoinist•Sunday, September 21, 2025 at 2:00:21 AM
NegativeCryptocurrency
Tether’s Uruguay Mining Operations Stall Due To $5-M Energy Debt — Details
Tether's ambitious Bitcoin mining venture in Uruguay has hit a significant roadblock as the state-owned electricity provider, UTE, has suspended power to its facilities due to an unpaid energy debt of approximately $5 million. This disruption, confirmed on July 25, 2025, raises concerns about Tether's operational viability and its future in the cryptocurrency mining sector, especially just two years after launching the project. The situation highlights the challenges faced by companies in the volatile crypto market and the importance of maintaining financial obligations.
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