Kazakhstan looks toward nuclear solutions to tackle Bitcoin mining energy crunch By BTC Peers – Investing.com

kazakh, bitcoin, energy, tan, nuclear,
Middle East

Kazakhstan looks toward nuclear solutions to tackle Bitcoin mining energy crunch By BTC Peers – Investing.com

© Reuters. Kazakhstan looks toward nuclear solutions to tackle Bitcoin mining energy crunch

The migration of miners from China into Kazakhstan has caused an energy crunch in the Central Asian country. Interestingly, the president is looking to use nuclear energy to solve the problem.

Kazakhstan’s Ministry of Energy suggests that Bitcoin miners are responsible for the 8% increase in domestic electricity consumption throughout 2021. According to data from the Financial Times, the Asian nation has received not less than 87,849 Bitcoin mining machines from Chinese companies this year following China’s crackdown on crypto mining.

Tech stocks could get hit by rising rates but Goldman says these names in the sector are safe

Qatar Fund for Development signs agreement with vaccine alliance Gavi

Tuesday Sector Leaders: Oil & Gas Exploration & Production, Metals & Mining Stocks

Goldman Sachs says these 6 energy stocks still have plenty of room to run