Tether Bitcoin Mining Project in Uruguay
Sector: Power Generation (CCGT) • Location: Florida, Uruguay
Source: Bitget
Tether initiated a Bitcoin mining project in Uruguay focusing on renewable energy with a planned 300 MW renewable energy facility and three data centers requiring 165 MW of electricity. The project faced financial difficulties due to rising electricity costs and unresolved tariff disputes, leading to its suspension and the layoff of 30 employees.
- Status
- Closed
- Sector
- Power Generation (CCGT)
- Location
- Florida, Uruguay
- Updated
- 22 Jul 2026
- Source
- Bitget
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Tether initiated a Bitcoin mining project in Uruguay focusing on renewable energy with a planned 300 MW renewable energy facility and three data centers requiring 165 MW of electricity. The project faced financial difficulties due to rising electricity costs and unresolved tariff disputes, leading to its suspension and the layoff of 30 employees. |
Original sector | Energy |
Budget |
Location
Country | Uruguay |
City | Florida |
Source
Source | Bitget |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT) |
Article published date | 2025-12-01 |
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