Kazakhstan cuts off cryptocurrency miners from the electricity supply until February.
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months.Bitcoin mining facilities in Kazakhstan were disconnected from the electricity supply on Monday, Jan. 24, and will remain shut down through Jan. 31, local media revealed.
All 69 registered mining companies have been informed by the power utility about the cuts with letters citing “the tense situation with maintaining the balance of electricity and capacity in the unified energy system” as the main reason. A copy of the notice wasKazakhstan became a major mining hotspot following the crackdown on the industry launched by China in May 2021.
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