Compass Investments Tether’s $120 million Uruguay bitcoin mining project

📌 Tether’s $120 million Uruguay bitcoin mining project collapsed over a power contract dispute: Reuters – UTE cut power to Tethers mining sites in July 2025 after Tether representatives did not attend the signing of a revised contract, per the report.

Reuters reports Tether’s planned $120 million Uruguay #Bitcoin mining project collapsed after state utility UTE cut power to its sites in July 2025. UTE said the shutdown followed Tether representatives’ absence at signing of a revised power contract; the dispute halted operations and underscored regulatory and infrastructure risks for large-scale mining, Reuters adds. Tether