106 illegal mining farms shut down in Kazakhstan
As a result of inspections and farm closures, the country’s daily electricity consumption has dropped by 600 MWh
15.03.2022 - 09:40
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What’s new? Kazakh law enforcement officers detected and closed 106 illegal cryptocurrency mining farms as part of an operation to crack down on illegal mining activities. This is reported by the Agency of the Republic of Kazakhstan for Financial Monitoring.
News source on the Gov.kz website
What statements have been made? The Agency stressed that cryptocurrency mining is gaining momentum and illegal activities in this area pose a threat to the country’s economic security. The increased energy consumption by illegally installed farms leads to supply disruptions and electricity shortages for businesses and ordinary consumers.
As a result of due diligence, 56 enterprises have voluntarily ceased operations and 51 farms have been disconnected from power sources.
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