Tether's 120 million bitcoin mining investment in Uruguay stopped due to power disputes

According to Reuters, Tether ' s $120 million investment in mining in Uruguay was halted by non-payment of electricity bills and disputes over the amendment of electricity contracts. The State-owned utility UTE cut off electricity supply to the mine in July 2025, resulting in the suspension of work on the project, which was intended to facilitate the expansion of Tether ' s Bitcoin mining in South America。