Kyrgyzstan Halts New Mining Farms Due to Electricity Shortage, President Says

Kyrgyzstan will not issue permits for new cryptocurrency mining farms due to an electricity deficit, President Sadyr Japarov announced. Currently, only two mining farms operate in the country. Japarov stated that new permits will only be considered after the construction of major hydroelectric power stations to meet domestic needs. While mining generates significant tax revenue, the government cannot expand the sector amid power shortages.

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