Kazakhstan Suspends Electricity Supply to Crypto Miners Until Jan.31

Kazakhstan Suspends Electricity Supply

Kazakhstan has announced a disconnection of power supply to digital asset miners from January 24 to January 31 due to a power shortage.

A memo from KEGOC Managing Director for System Services, Bekhzan Mukatov, has been sent to 196 power generating and energy distribution firms on the same.

A disconnection in major transmission lines caused by a power surge in the nation’s North-East-South 500 kilovolt line has aggravated the situation.

Cities in Kazakhstan, Uzbekistan, and Kyrgyzstan have experienced power disruption due to the disconnection.

Cryptocurrency miners have been forced to shift focus overseas after another directive by the Kazakh administration capped their supply at 100 megawatts.

The national grid operator notes that the plans would be revized once the situation in winter stabilizes.

Kazakhstan hosted almost a fifth of global crypto mining as at the end of August last year before a series of disruptions began.

Source: Coindesk

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