Tether to Shutter Uruguay Bitcoin Mining Operation
Stablecoin giant Tether will shutter its Uruguay Bitcoin mining operation, citing regulatory pressure and rising costs. The exit signals a strategic pullback from South America.
energy costs
Bitcoin Mining Profitability Fell in August, Jefferies Says
Jefferies reports Bitcoin mining profitability fell in August, as lower BTC prices and rising costs squeezed margins, forcing miners to reassess operations and cost controls amid tightening returns.