Mining News

Kazakhstan plans to upgrade energy with encryption mining

More than 70 % of the energy of the promoted plants will go to the network, with 30 % of mining operations.

Kazakhstan is looking to update its power system through Digital mining. The government is also studying a broader codification of the trading of encryption beyond its current regulatory area.

Under the 70/30 -proposed model, foreign investors funded promotions for thermal power plants, with 70 % of the new energy directed to the national network and 30 % used by mining operations.

Kanesh Tuleushin, Senior Deputy Minister of Digital Development, said that model mirrors practices in the United States, where miners consume surplus electricity to help stabilize the offer.

He also suggested using the remaining oil gas to energy mining farms, lowering waste and increasing income for oil producers. The mining sector contributed 34.6 million dollars to tax revenue, as more than 415,000 devices recorded and issued 84 licenses.

The government is working on plans to expand the trading of encryption beyond the international financial center of Astana (AIFC), which is currently carrying an exclusive authority. Although trading within AIFC amounted to $ 1.4 billion in 2024, the total market is much larger and unorganized.

Kazakhstan In addition, it expands the use of digital Tenge to ensure full transparency in public spending. The central bank has released 250 billion of Tenge digital so far, using unique signs to track how to spend money.

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