News > Cryptocurrency miners suffer amid major energy crunch in Kazakhstan

Cryptocurrency miners suffer amid major energy crunch in Kazakhstan

Cryptocurrency miners in Kazakhstan are facing widespread electricity shortages amid a surge in mining. Kazakhstan has been grappling with an overloaded energy grid as miners flock in from China, which cracked down on crypto earlier this year and banned crypto-based transactions in September.

Kazakhstan’s demand for electricity has risen about eight per cent since the beginning of 2021.