What is the latest status of the project “Tether Uruguay Mining Hub Project”?

The status recorded for “Tether Uruguay Mining Hub Project” is cancelled.

What is the budget and commercial profile for the project “Tether Uruguay Mining Hub Project”?

Taiyo normalizes the budget of “Tether Uruguay Mining Hub Project” to USD 500000000.

Where can I verify the source and access all details for “Tether Uruguay Mining Hub Project”?

This Taiyo project page references Coin Edition along with the original URL (https://coinedition.com/tether-exits-uruguay-and-scraps-500m-mining-hub-after-tariff-talks-collapse/). Taiyo standardizes official data into a consistent, searchable project profile.

Tether Uruguay Mining Hub Project

Sector: Power Transmission • Location: Uruguay

Source: Coin Edition

Project

Cancelled

Tether planned a $500 million investment in Uruguay to build three Data Processing Centers in the departments of Florida and Tacuarembó, with an estimated energy demand of 165 MW and a 300 MW Wind and Photovoltaic Generation Park. The project was abandoned due to failure to secure a competitive energy tariff from the state utility UTE, leading to the shutdown of operations and layoffs.

Status: Closed
Sector: Power Transmission, Solar, Wind, Power Generation (CCGT)
Location: Uruguay
Updated: 22 Jul 2026
Source: Coin Edition

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Project Information

4 Q

The project “Tether Uruguay Mining Hub Project” is an infrastructure initiative in the Power Transmission sector, located in Uruguay. Taiyo aggregates data on it from Coin Edition.

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 planned a $500 million investment in Uruguay to build three Data Processing Centers in the departments of Florida and Tacuarembó, with an estimated energy demand of 165 MW and a 300 MW Wind and Photovoltaic Generation Park. The project was abandoned due to failure to secure a competitive energy tariff from the state utility UTE, leading to the shutdown of operations and layoffs.
Original sector	Energy and Data Infrastructure
Budget

Location

Country

Uruguay

Source

Source	Coin Edition
URL

More Details

Record type	Project
Sector	Power Transmission, Solar, Wind, Power Generation (CCGT)
Article published date	2025-11-30

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Tether Uruguay Mining Hub Project

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