Influx of crypto miners into Kazakhstan is said to be putting a strain on the country’s electricity supply

  • In a Wednesday report from Reuters, government officials in Kazakhstan estimate that unregistered crypto miners in the country could be consuming twice as much power as those registered to avoid paying taxes and other fees.
  • With the exodus of crypto miners following a government crackdown in China, both Kazakhstan and the United States currently stand as countries responsible for the largest contributions to the Bitcoin hashing power.
  • In June, President Kassym-Jomart Tokayev signed legislation imposing additional taxes on the energy used by crypto miners legally operating in Kazakhstan.


Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals