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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 article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag)…

Tether’s $120M Uruguay Bitcoin Mining Bet Ends in Power DisputeTether 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 article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) […]

Source: https://news.bitcoin.com/mining/tethers-120m-uruguay-bitcoin-mining-bet-ends-in-power-dispute/