Kyrgyzstan shuts down 500 cryptocurrency mining farms

By bne IntelIiNews September 21, 2021

Kyrgyzstan's State Committee for National Security (SCNS) shut down 500 cryptocurrency mining farms, local news website site 24.kg reported on September 18.

The mining farms were placing undue strain on the country's power grid, officials said.

"More than 500 mining farms illegally connected to power grids have been revealed," SCNS said in a statement that was published by 24.kg. "It should be noted that the mining farms subsequently led to a shortage of generated electricity, since one set of equipment consumes about 1,500-3,000 kilowatts per hour."

The agency did not appear to have released an official statement elsewhere about the incident.

Bitcoin.com reported in May that Kyrgyz authorities had seized 2,000 mining rigs from operations surrounding the capital city of Bishkek. 

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