Having secured a 10-year electricity quota, strategic digital mining companies in Kazakhstan must transfer a portion of their output to the national reserve
Svmuu News: The Kazakhstani government has approved the “Rules for the Implementation of Strategic Digital Mining,” under which companies can obtain electricity quotas from energy production organizations at the maximum rate for a period of 10 years. As a condition for receiving the quotas, companies must transfer a portion of the cryptocurrency generated from their mining operations to the Astana Hub Autonomous Cluster Fund. The assets will then be transferred to the National Investment Company, a subsidiary of the National Bank, for trust management and used to replenish the country’s strategic cryptocurrency reserves. Operators participating in strategic digital mining must submit applications through the E-licensing database for review and approval by a specialized committee. If approved, digital miners must sign an agreement with the Astana Hub Autonomous Cluster Fund within five business days and enter into a power purchase agreement with an energy production organization.
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