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Tether Renewable-Powered Bitcoin Mining Hub in Uruguay

Sector: Solar • Location: Uruguay

Source: Analytics Insight

Project
Cancelled

Tether planned a major renewable-powered Bitcoin mining hub in Uruguay, including several data-processing centers and a 300 MW solar-and-wind energy park. The project aimed to leverage Uruguay's strong renewable energy mix with an investment of up to $500 million. Construction progressed for almost a year before operational and financial issues arose due to disputes over electricity costs with the

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Project Information

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The project “Tether Renewable-Powered Bitcoin Mining Hub in Uruguay” is an infrastructure initiative in the Solar sector, located in Uruguay. Taiyo aggregates data on it from Analytics Insight.

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Participants

Sponsoring Agency

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Company

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Status

Original status

cancelled

Taiyo status

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Taiyo last update

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Available timestamps

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Available timestamp type

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Contact

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Phone

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Email

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Address

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Description

Description

Tether planned a major renewable-powered Bitcoin mining hub in Uruguay, including several data-processing centers and a 300 MW solar-and-wind energy park. The project aimed to leverage Uruguay's strong renewable energy mix with an investment of up to $500 million. Construction progressed for almost a year before operational and financial issues arose due to disputes over electricity costs with the state electricity provider UTE.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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Country

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State

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County

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

Project Type

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Article Published Date

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