[Tether Suspends Bitcoin Mining Operations in Uruguay Due to Rising Energy Costs] A Tether spokesperson confirmed on Friday that the issuer of USDT, Tether, has suspended its Bitcoin mining operations in Uruguay due to rising energy costs but remains focused on long-term projects in Latin America. This comes just weeks after Tether denied reports of exiting Uruguay. According to reports, Tether is involved in a $4.8 million debt dispute with Uruguay's state-owned power company UTE and has notified Uruguay's Ministry of Labor about the suspension of mining activities, resulting in the dismissal of 30 employees. Tether announced in May 2023 that it had launched a renewable energy-driven Bitcoin mining operation in Uruguay, with plans to invest $500 million.