Tether Bitcoin Mining Facilities in Uruguay
Sector: Power Generation (CCGT) • Location: Uruguay
Source: Live Bitcoin News
Tether's Bitcoin mining operations in Uruguay were halted due to unpaid electricity bills amounting to approximately 5 million USD. The state-owned electric company UTE disconnected power to two mining facilities located in Flores and Florida. Tether had been negotiating for a new mining plant and reduced electricity rates but defaulted on payments starting May 2025. The suspension occurred on Jul
- Status
- Failure
- Sector
- Power Generation (CCGT)
- Location
- Uruguay
- Updated
- 22 Jul 2026
- Source
- Live Bitcoin News
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Project Information
Participants
| Not available for this record. |
Status
Original status | suspended |
Taiyo status | Failure |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Tether's Bitcoin mining operations in Uruguay were halted due to unpaid electricity bills amounting to approximately 5 million USD. The state-owned electric company UTE disconnected power to two mining facilities located in Flores and Florida. Tether had been negotiating for a new mining plant and reduced electricity rates but defaulted on payments starting May 2025. The suspension occurred on July 25, 2025, after Tether failed to meet payment commitments under a memorandum of understanding signed in June 2025. |
Original sector | Energy |
Budget |
Location
Country | Uruguay |
Source
Source | Live Bitcoin News |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT) |
Article published date | 2025-09-24 |
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