Kazakhstan has extended power cuts for cryptocurrency mining operations until February 7. The power cut was supposed to end by January 31. However, ongoing difficulties with the power supply have forced the company to extend this ban until February 7. The crackdown on mining hubs in China led to the migration of many crypto mining rigs to Kazakhstan. However, mining operations gobbled enormous amounts of electricity, which led to power shortages in the former Soviet Republic leading to the ban on mining activities.
The state-run Kazakhstan Electricity Grid Operating Company (KEGOC) has informed Data centers authorized to mint digital currencies in Kazakhstan that they will not operate until February 7. The news comes after the country’s power distribution company extended previously introduced supply restrictions for another week.
In a notice quoted by Forklog, the utility cited unresolved problems with maintaining a stable electricity supply as the reason for continuing the cessatio
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