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.
Lukoil is expanding its oil and gas operations in Kazakhstan, the Moscow-based Kommersant newspaper reported on April 8, amid limited overseas opportunities for the company because of Russia’s ... more
Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023. The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major ... more
Engineers have commenced the $6.3mn and three-month reconstruction of the 75-kilometre (47-mile) cross-border railway line that links Uzbekistan and Afghanistan, ... more