China’s The9 crypto miner enters JV deal to build 200 MW of mining sites in Kazakhstan

By bne IntelIiNews August 23, 2021

Shanghai-based crypto mining company The9 has signed a joint venture deal for the development of cryptocurrency mining sites in Kazakhstan with a total capacity of 200 MW, Coindesk reported on August 20. 

The agreement was signed by the company’s NBTC subsidiary with Kazakhstan’s LGHSTR. The firm said NBTC was set to take priority in deploying cryptocurrency mining machines at developed sites. The9's subsidiary will own 51% of the joint venture along with controlling the board of directors. 

As much as 100 MW should be completed by end-2021 with the full capacity expected to be reached in 2022.

The sites could deploy more than 50,000 S19 Antminers and accommodate about 5EH/s of hash power. 

Earlier in August, The9 signed a joint venture agreement with Kazakh cryptocurrency mining firm KazDigital to build a crypto mining site in Kazakhstan.

Related Articles

EDB wins Environmental Finance's 2021 IMPACT Award for street lighting in Kazakhstan

The Russia-led Eurasian Development Bank (EDB) has won the prestigious international Environmental Finance's 2021 IMPACT Award in the energy category for the Atyrau street ... more

Kazakh telecoms market worth expands by 12.2% in H1

The Kazakhstan telecommunications market was worth KZT483bn ($1.13bn) in the first six months of this year, up by 12.2% y/y, according to figures from the country's national ... more

Kazakhstan becomes third largest bitcoin mining country

Cambridge University research published on July 15 by the Cambridge Centre for Alternative Finance showed that China’s share of global bitcoin mining plunged to 46%, down from ... more

Dismiss