mining farms ceased operations after inspections by government agencies (mining farms ceased operations after inspections by government agencies) mining farms ceased operations after inspections by government agencies, that as a result of preventive measures carried out jointly with government agencies 55 mining farms voluntarily ceased their activities.
As reported in the AFM report on monitoring activities mining farms, “as a result of the preventive measures taken 55 mining farms voluntarily ceased their activities. They have stopped working completely, dismantled the equipment and removed it from its locations". Now the agency, together with the country's authorities, is working to prevent the reuse of equipment for mining cryptocurrencies.
Among the mining companies that have ceased operations are branches of well-known entrepreneurs in the Pavlodar region, Bolat Nazarbayev and Alexander Klebanov.. The activities of mining companies have also been stopped, связанных с бывшим председателем правления АО «Национальная компания «КазакГаз» Кайратом Шарипбаевым в Актюбинской области и крупным бизнесменом Карагандинской области Эрланом Нигматуллиным. There are affiliates among the owners of illegal mining farms, such as businessman Kairat Itemgenov. The former head of the Department of the Ministry of Internal Affairs, Tlegen Matkenov, was also involved in “gray” mining.
Besides, activity was stopped 51 mining farm, who were illegally connected to power sources without notifying the authorized body about the start of their activities. Farms were unreasonably located in special economic zones, and also evaded paying taxes and customs duties. Cases of illegal resale of energy to unregistered mining companies were also identified.. Total AFM started 25 criminal cases and seized more 67 000 pieces of equipment worth approx. 100 billion tenge (more $190 million).
Miners, moved to Kazakhstan, are rushing to leave the country amid tightening legislation and electricity shortages. The National Association of the Blockchain and Data Center Industry of Kazakhstan reported, that legal mining companies took almost 30% data centers from the country. Last month, the government of Kazakhstan received two bills for consideration at once., aimed at introducing restrictions for miners: Raising electricity prices and the introduction of mining equipment tax.
