Tether has confirmed it is withdrawing its Bitcoin mining operations from Uruguay after negotiations with state utility UTE broke down, laying off 30 employees and notifying the Ministry of Labor (MTSS).
Turkmenistan has passed legislation to legalize and regulate digital assets, requiring licences for cryptocurrency exchanges and mining firms, state media reported. The move aims to bring activity into a formal framework and give authorities oversight.
Tether is closing its crypto-mining operations in Uruguay and has laid off 30 employees, attributing the move to rising local energy costs. The company did not detail immediate plans for the affected workforce or its remaining mining footprint.
Fresh data show China has climbed back to the world’s No. 3 bitcoin mining position four years after its 2021 ban, as miners return attracted by cheap power and shifting policy signals. The development could reshape global hashrate distribution and prompt renewed regulatory and environmental scrutiny.
Zcash has surged about 125% over the past month, driving miner revenue higher and pushing the network's hashrate to record levels. The privacy coin added another 18% today, leaving bitcoin mining as the second-most profitable PoW activity behind ZEC.
Bitcoin mining is re-emerging in several energy-rich Chinese provinces as individual and corporate miners tap cheap power and growing data center capacity, according to miners and industry data. The comeback is unfolding quietly despite China’s 2021 ban on domestic crypto mining.
Bloomberg reports U.S. authorities are investigating Bitmain for potential national security risks tied to alleged remote-access capabilities in its Bitcoin mining hardware. The probe could increase scrutiny on mining supply chains and U.S.–China tech ties.
Russian authorities have rolled out a new energy-consumption monitoring system combined with anonymous public tips to locate illicit crypto mining operations, leading to the seizure of a large underground facility in western Russia.
President Kassym-Jomart Tokayev approved changes to AI and digitalization laws on Nov 17, 2025, permitting crypto mining and trading outside the Astana International Financial Center. The reform expands legal clarity nationwide and could attract investment while raising implementation and energy-management questions.