Tether's $120M Uruguay Bitcoin mining project collapses

UPDATE: Tether's $120 million Bitcoin mining project in Uruguay has collapsed following a dispute with state-owned utility UTE, according to Reuters.
The project was part of Tether's broader expansion beyond stablecoins and into Bitcoin mining and energy infrastructure.
Its collapse highlights one of the major challenges facing industrial-scale Bitcoin mining: access to reliable power can matter as much as access to capital and hardware.