Crypto mining expanded in Kazakhstan rapidly ever since the start of China's ban on crypto mining in their country.
Crypto mining has been blamed for persisting problems with electricity shortages and blackouts in Kazakhstan (well if you ask me, I bet this really is the cause since crypto mining takes up a lot of energy - that can even be bigger that what some other countries use)
With this, 55 mining farms have “voluntarily” closed down, Kazakhstan’s Financial Monitoring Agency announced Tuesday. They have completely suspended activities, dismantled and removed their equipment from a number of locations.
But there were also 51 illegal crypto farms that were shutdown by Kazakhstan's Government, the owners of which hadn’t notified authorities of starting activities or had connected their hardware to the power grid without permission. Some of these facilities had been located in special economic zones, evading tax and customs duties.
