Woofun AI reports that Tether confirmed the cessation of its Bitcoin mining operations in Uruguay in 2025, following a breakdown in negotiations with the national power company, UTE. The project initially functioned effectively but collapsed due to conflicting interpretations of the electricity supply contract; Tether asserted the agreement allowed for increased power beyond a minimum threshold, whereas UTE maintained it represented a strict maximum quota. This disagreement escalated after the change in government in Uruguay in 2025. Sources familiar with the matter indicated the project cost approximately $120 million, significantly lower than the initial planned investment. Tether did not respond to requests for comment regarding these developments.