Kazakhstan lets crypto miners power operations with excess oil field gas
- —Decree signed July 8, developed with Kazakhstan's Ministry of AI and Digital Development
- —Associated gas from oil wells will power off-grid mining operations
- —Personal income tax exemptions introduced for trades on licensed domestic platforms
- —Mining once consumed about 8% of Kazakhstan's electricity, prompting stricter rules
Why it matters: Kazakhstan is reclaiming lost share of global Bitcoin hash rate without straining its grid, potentially intensifying competition among miners.
Source: Crypto Briefing