Russia to supply electricity to Kazakhstan’s cryptocurrency miners

Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. To allow that, the two partnering nations will amend a bilateral agreement governing the coordinated operation of their energy systems.

According to the crypto news page of the Russian business information portal RBC, in accordance with the new arrangements, Inter RAO, which holds monopoly on the export and import of electricity in Russia, will be able to sell in Kazakhstan under contracts concluded on commercial terms directly with the mining firms working there.