Tether’s Crypto Mining in Uruguay: A Closer Look at the Hype and Reality
Tether is once again at the center of a media storm. This time, it’s about their massive $500 million investment in crypto mining in Uruguay. The initial reports sounded alarming—claims of halted operations and unpaid bills by local media. But if you dig deeper, the truth gets a bit more complicated.
What’s Going On with Tether’s Mining Operations?
The narrative started flying around that Tether’s mining operations were halted because they owed $2 million to UTE, the state-owned power company. The media had a field day with the story, prompting concerns that the company might be in financial trouble.
However, Tether stepped in to clarify. They say that the operations are still running and all is not what it seems. They are currently…
