[Tether Shuts Down Mining Operations in Uruguay Due to Energy Price Negotiation Failure] According to CoinDesk, Tether will shut down its mining operations in Uruguay and lay off 30 of its 38 employees after failing to reach an agreement with Uruguayan authorities on energy prices. Tether had originally planned to invest $500 million in Uruguay but decided to withdraw due to high energy costs and regulatory hurdles. Before deciding to gradually cease its operations in Uruguay, Tether had already invested over $100 million in the country and committed an additional $50 million for infrastructure development.