Bit Mining will stop building a data center in Kazakhstan – Bits Media

The instability of power supply and political risks forced one of the leading public Bitcoin mining companies to stop building a data center in Kazakhstan.

BIT Mining, Owning a mining bullet btc.com, reported, that the main reasons for this The solutions were the introduction of power restrictions in the country, as well as government plans to increase electricity tariffs and taxes for mining equipment.

Equipment for mining, which was previously deployed in other data centers in Kazakhstan, will continue to work. According to unconfirmed data for 2021 year, Bit mining hash -to -Kazakhstan has compiled 292.7 Ph / s. At the same time, the company owns assets in the amount $55.1 million.

Earlier this month, During the discussion of the bill “On Digital Assets in the Republic of Kazakhstan”, the vice-minister of finance of the country Marat Sultangaziev made an offer to increase electricity prices for miners for miners 335%, as well as introduce a tax on mining equipment and remove the exemption from VAT.