Tether's Uruguay Bitcoin Mining Venture Grounded by Power Dispute

Tether's Bitcoin mining venture in Uruguay has reached an impasse due to disagreements over power allocations with the country's state-owned electricity provider.

The project, estimated by one source to have involved around $120 million, appears to be dead in the water as a result of this dispute.

A prolonged disagreement between Tether and the Uruguayan energy firm has led to the collapse of the Bitcoin mining operation.