Tether’s expansion into Bitcoin mining in Uruguay has run into a major setback after the state-owned electricity provider UTE suspended service to the stablecoin operator’s two mining facilities over unpaid bills of roughly $5 million. The disruption, confirmed on July 25, 2025, comes only two years after Tether unveiled the Bitcoin mining project in the South American nation, citing a rich supply of renewable energy sources.

Tether’s Operational Fallout With Rising Energy Bill

According to local media Busqueda , the payment defaults by Tether began in May 2025. By June, UTE’s president, Andrea Cabrera, signed a Memorandum of Understanding (MoU) with Microfin, the local operator tied to the mining project, in an effort to negotiate a settlement. However, after arrears continued to mo

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