Bitmain-Backed BitFuFu Abandons Mining Rigs In Kazakhstan Due to Power Rationing

Posted on by American Coins & Gold

Bitmain-Backed BitFuFu Abandons Mining Rigs In Kazakhstan Due to Power Rationing
BitFuFu is abandoning its mining rigs in Kazakhstan and buying new ones from Bitmain and setting them up in the U.S., after weeks of power rationing in the Central Asian country, BitFuFu told CoinDesk on Thursday.Kazakhstan has been facing severe electricity shortages, partly due to the influx of crypto miners in the country, but also pre-existing problems with its energy infrastructure. The national grid operator moved to ration electricity to crypto mines in September.In November, the Ministry of Energy assured the industry that they won’t restrict electricity to legal mines. But the rationing did not stop. Last month, miner Xive…