TechReuters1h ago
Sources and documents detail how Tether's plan
Sources and documents detail how Tether's plan to build two bitcoin mining sites in Uruguay fell apart amid a dispute with state utility UTE over power supply
TL;DRTether's bitcoin mining plans in Uruguay collapsed due to power supply disputes with the state utility.
Why it matters: Shows crypto infrastructure faces real-world infrastructure constraints and regulatory friction even in crypto-friendly jurisdictions.
Uruguay seemed like the perfect place for cryptocurrency giant Tether to launch a bitcoin mining operation.
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