Tether's Bitcoin mining operations in Uruguay ceased in July 2025 following a dispute with state utility UTE over electricity supply and unpaid bills totaling nearly $5 million. The contract disagreement involved differing views on electricity limits, causing repeated power restrictions and operational disruptions. Tether's partner Microfin stopped payments in May and terminated the contract in June, leading UTE to cut power on July 25. The sites, which employed 38 locals and involved a $120 million investment, laid off 30 workers after operations halted. This shutdown reflects broader mining industry challenges after Bitcoin's 2024 halving reduced mining rewards and margins.
Tether's Bitcoin mining sites in Uruguay ceased operations after a power dispute. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 25, 2026 21:41 WIB: out of 50 major cryptocurrencies, 17 rose and 32 fell today. Notable price changes include SXP down 46.27% at Rp37, BAL up 11.14% at Rp16.297, and EOS up 8.13% at Rp12.649.
Chery unveiled its Globalisation 3.0 strategy at the 2026 International User Summit, aiming to transform from a traditional automaker into a high-tech integrated ecosystem by 2035. The strategy emphasizes AI adoption, green technologies, and local ma...
Enterprise Products Partners (EPD) will report its Q3 2026 results on October 29, highlighting a $6.5 billion project backlog alongside $34 billion in debt. The company posted a record Q2 with EPS of $0.84 and revenue of $18.27 billion, boosted by Mi...
Leon von Kamm, a real estate entrepreneur, argues that Bitcoin's market capitalization could eventually reach $1,000 trillion, surpassing the global real estate market valued between $300 trillion and $500 trillion. He believes Bitcoin's scarcity and...
Starbucks will report its fiscal Q4 results on October 29, with shares up nearly 22% this year. CEO Brian Niccol faces scrutiny as the company navigates a second round of North American store closures and the end of tariff refunds that previously boo...
MicroStrategy is set to report its Q3 2026 results on October 29, potentially revealing a $20.91 billion unrealized gain on its Bitcoin holdings after three quarters of large markdowns. This shift could turn the company's earnings positive, reversing...
