Tether Halts Bitcoin Mining in Uruguay Amid Rising Energy Costs ⚡️
Tether, the issuer of USDT, has confirmed the suspension of its Bitcoin mining operations in Uruguay due to increasing energy costs. This follows weeks of denying withdrawal reports.
Key Points:
Reason: Rising energy costs in the country.
Confirmation: Tether has officially informed Uruguay's Ministry of Labor about the suspension of activities and the dismissal of 30 employees.
Background: Tether had initially announced a $500 million investment in its "sustainable" mining venture in May 2023.
Future: Despite this pause, Tether remains committed to its long-term projects in Latin America.
#Tether #BitcoinDunyamiz in #Mining #Uruguay #BTCRebound90kNext? #IPOWave #EnergyAllianceToken gyCosts #CryptoNews
BTCUSDT
Löpande
65,986.1
+4.81%
XRP
1.3999
+5.07%
BNBUSDT
Löpande
610.69
+4.24%
-