Kazakhstan Tightens Regulation for Miners, Looks to Develop Broader Crypto Industry

It didn’t take long before Kazakhstan’s electrical grid, much of it a legacy of Soviet times, started crumbling under the new load. On top of the miners’ demand, technical failures in interconnection lines and power stations greatly exacerbated the situation, such that Kazakhstan, which until 2021 was a net power exporter, now sometimes imports energy from Russia.