The Bitcoin mining project of the company “Tether” (Tether), which was valued at $120 million in Uruguay, has reportedly stopped.
A dispute over unpaid electricity bills and a revised power contract led the state-owned company “UTE” to cut power to the sites in July 2025.
This shutdown disrupted a project that was intended to support Tether’s expansion into Bitcoin mining across South America.
A dispute over unpaid electricity bills and a revised power contract led the state-owned company “UTE” to cut power to the sites in July 2025.
This shutdown disrupted a project that was intended to support Tether’s expansion into Bitcoin mining across South America.
