{
  "id": 2360133,
  "title": "How Tether's bitcoin mining plans in Uruguay unraveled",
  "url": "https://urgent.news/2026/08/21/how-tethers-bitcoin-mining-plans-in-uruguay-unraveled-2360133",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T10:09:06.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/how-tethers-bitcoin-mining-plans-in-uruguay-unraveled-6333266"
  },
  "original_language": "en",
  "account": "Uruguay appeared to be an ideal location for cryptocurrency giant Tether to introduce a bitcoin mining operation. The South American nation, noted for its political stability and favorable tax conditions, had become a hub for global fintech firms. In 2023, Tether announced plans to establish two mining sites in Uruguay, aiming to bring economic development, new energy infrastructure, and jobs to the country. However, due to disagreements over the amount of energy required for its bitcoin mining activities, the project eventually collapsed, leaving no trace of its estimated $120 million investment.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "How Tether's bitcoin mining plans in Uruguay unraveled",
        "url": "https://urgent.news/2026/08/21/how-tethers-bitcoin-mining-plans-in-uruguay-unraveled",
        "published": "2026-08-21T10:09:06.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "How Tether’s bitcoin mining plans in Uruguay unraveled",
        "url": "https://urgent.news/2026/08/21/how-tethers-bitcoin-mining-plans-in-uruguay-unraveled-2362690",
        "published": "2026-08-21T10:55:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}