Bitcoin Mining Faces Challenges in 2025 as Tether Halts Operations in Uruguay
Autor: Mining Provider Editorial Staff
Veröffentlicht:
Kategorie: News
Zusammenfassung: The Bitcoin mining industry is facing challenges in 2025 with a record hash rate of 1 zettahash per second, but profits are declining as emissions drop by 37%. Tether has halted its operations in Uruguay due to rising energy costs and ongoing debt disputes.
Bitcoin Mining Industry Developments in 2025
The Bitcoin mining industry is undergoing significant changes as it faces intense competition, rising energy demands, and decreasing profits. As of August 2025, the hash rate surpassed 1 zettahash per second for the first time, driven by substantial investments and advanced hardware like the Antminer S21. However, the actual Bitcoin emission has decreased, with only 155,000 coins entering circulation between November 27, 2024, and November 27, 2025, marking a 37% decline from the previous year.
"2024 was already difficult, but 2025 is even harder," warns Kristian Csepcsar from Braiins.
This decline in Bitcoin emission coincides with a period of rapid hardware upgrades, leading to a challenging environment for miners. The hash price fell to an all-time low of $34 on November 21, indicating the fierce competition within the industry.
Key Insights:
- Hash rate reached 1 zettahash per second in August 2025.
- Only 155,000 new Bitcoins were mined from November 2024 to November 2025.
- Hash price hit an all-time low of $34 on November 21, 2025.
Tether Halts Bitcoin Mining Operations in Uruguay
Tether, the largest issuer of the USDT stablecoin, has suspended its Bitcoin mining operations in Uruguay due to rising energy costs. This decision comes after Tether had previously denied reports of withdrawing from Uruguay, despite being involved in a $4.8 million debt dispute with the state energy provider UTE. The company officially informed the Uruguayan Ministry of Labor about the suspension and the layoff of 30 employees.
Initially, Tether had announced plans in May 2023 to establish a sustainable Bitcoin mining operation in Uruguay, intending to leverage the country's renewable energy resources with an investment of $500 million.
Key Insights:
- Tether has suspended its Bitcoin mining operations in Uruguay due to increased energy costs.
- The company was involved in a $4.8 million debt dispute with the state energy provider UTE.
- Tether had planned to invest $500 million in a sustainable mining operation in Uruguay.
Sources: