On November 27, Elobservador reported that Tether Holdings Ltd. informed the MTSS it will end its Uruguay operations and lay off 30 of 38 employees. The firm had planned a $500 million investment, including three data centers in Florida and Tacuarembó with an expected 165 MW load, plus a 300 MW wind/solar park. More than $100 million has been spent, with another $50 million for infrastructure to be owned by UTE and the national grid. The project is deemed economically unviable under current conditions.

As a response, the 31.5-kilovolt model in Florida has raised operating costs, with multiple requests for a more competitive price since November 2023. Tether also proposed switching to a 150-kilovolt transmission cost and revising the power purchase contract, a move that could bolster the Uruguayan power company and reduce engineering overhead.