Tether shuts down $120 million Bitcoin mining project in Uruguay after electricity dispute

⚡️ Tether halted its $120 million Bitcoin mining venture in Uruguay after a utility dispute.
📉 UTE cut power to Tether’s mining sites citing unpaid bills and failed contract talks.
💰 Tether invested heavily in Uruguay, aiming to expand crypto mining across South America.
🌎 Increased energy costs and falling margins are squeezing profitability in $BTC mining.

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