Tether Uruguay Data Centers and Renewable Energy Buildout

cancelled

Tether Holdings Ltd. planned a large-scale expansion in Uruguay involving three data processing centers across Florida and Tacuarembó with an estimated demand of about 165 MW, supported by a 300 MW wind-and-solar park and approximately US$50 million in grid works. The project aimed to position Uruguay as a hub for data infrastructure anchored in renewables. However, due to high electricity costs and the absence of a competitive, predictable tariff framework, the company decided to wind down operations and cancel the US$500 million buildout plan.