Reuters ·

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

Uruguay seemed like the perfect place for cryptocurrency giant Tether to launch a bitcoin mining operation.

In this story Tether UTE

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

Lead Source

Reuters — 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 ↗

How this story grew

Coverage · 0 Discussion · 0

Aug 23Aug 25

More

The Block: The Block

Discussion

@cointelegraph @stackandstory

Related stories

Bloomberg: Anthropic has agreed to pay Nscale $45B over six years to rent about 460MW of power at a West Virginia data center using Nvidia's Vera Rubin chips

New York Times: A look at the collapse of Zondacrypto, Eastern and Central Europe's biggest crypto exchange, which went dark in April and is facing money laundering allegations

Bloomberg: How organized opposition that toppled a $100B data center project in Virginia's Prince William County became a blueprint for data center backlash in the US

Financial Times: Meta and BlackRock's $14B El Paso data center project is not insured against total loss, exposing lenders to credit risks and big potential liabilities

Financial Times: The data center backlash is challenging Texas' pro-business approach; Wood Mackenzie: Texas has more data center capacity under construction than any US state

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif