Kazakhstan Shuts Down 106 Crypto Mining Farms

The government of Kazakhstan identified 106 cryptocurrency mining farms that operate without the necessary licenses. The authorities halted 51 of them, while 55 ceased their operations voluntarily.
The Latest Crackdown
Earlier this year, Kazakhstan declared war on illegal digital asset mining farms. Minister Bagdat Musin claimed that they could negatively impact the nation’s energy network:
“Gray miners are doing a lot of harm to our power grid. The energy costs of illegal mining are estimated to exceed 1 gigawatt.”
According to a recent announcement, authorities forced 106 crypto mining farms to halt their activities. 55 of those shut down voluntarily.
The other 51, suspected of tax evasion and operating on special economic zones without regulatory approval, were terminated by law enforcement.
The investigation further revealed that some popular political and business figures were behind the illegal companies. These include Bolat Nazarbayev – the brother of former President Nu

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