Tether's Bitcoin mining facility in Uruguay has been terminated due to power supply disagreements, with the project costing approximately $120 million

According to a report by Reuters, Tether has ceased its Bitcoin mining operations in Uruguay as of 2025. Documents and sources indicate that the project was ultimately abandoned due to a misunderstanding between Tether and the Uruguayan national electricity company UTE regarding the terms of power supply.

Tether believed the contract stipulated a minimum power supply that could be adjusted, while UTE viewed it as a maximum quota that could not be exceeded.