Tether Clarifies Power‑Cut Situation in Uruguay

21-Sep-2025
Tether Clarifies 'Lights out' Situation in UruguayTether is in the early stages of winding down its mining operations in Uruguay due to high energy costs. Tether had been negotiating new tariffs with UTE, the state‑owned power company, since 2023, but the talks produced no agreement. Tether Clarifies Power Cuts in Uruguay, States It Is Winding Down Operations Due to High Energy […] Also read: Low Risk DeFi Could Become Ethereum’s Core App, Vitalik Buterin
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