Kazakhstan Allows Crypto Miners to Utilize Excess Gas from Oil Fields
1 report, 1 independent
Updated Fri 00:00
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What happened
Kazakhstan is allowing crypto miners to utilize excess associated gas produced from oil fields. Under the new arrangement, miners can use this gas to generate their own electricity at dedicated power plants. The government introduced this program with the goals of reducing gas flaring and increasing overall oil output.
From euronews.com
Why it matters
The move aims to attract crypto miners back to the country, following a major boom in 2021 that strained the national power infrastructure. This program connects the energy demands of the mining industry with the management of hydrocarbon resources.
From euronews.com
Who's involved
- KazakhstanSovereign state implementing the program to utilize associated gas and attract industry.
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The entities involved
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Kazakhstan
sovereign state in Eastern Europe and Central Asia