Tether Shuts Down Uruguay Mining Operations Over Energy Tariffs

Tether, the company behind the popular stablecoin USDT, has decided to cease its mining operations in Uruguay due to the recently implemented energy tariffs that have made it financially unfeasible to continue. This move highlights the ongoing challenges faced by cryptocurrency miners in adapting to fluctuating energy costs and regulations, ultimately impacting the presence of cryptocurrency operations in the region. source: https://www.coindesk.com/business/2025/11/28/tether-shuts-down-uruguay-mining-operations-over-energy-tariffs