{"id":166260,"date":"2025-08-12T21:00:49","date_gmt":"2025-08-12T18:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=166260"},"modified":"2025-08-12T14:51:57","modified_gmt":"2025-08-12T11:51:57","slug":"kazakhstan-shuts-down-illegal-crypto-mining-network-draining-power-from-city-grid","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/kazakhstan-shuts-down-illegal-crypto-mining-network-draining-power-from-city-grid\/","title":{"rendered":"Kazakhstan Shuts Down Illegal Crypto Mining Network Draining Power from City Grid"},"content":{"rendered":"<p>Investigators allege the network relied on corrupt utility insiders to divert energy away from homes, hospitals, and strategic industries, funneling it instead into hidden facilities dedicated to minting cryptocurrency. Officials estimate the miners used more than 50 megawatt-hours of electricity, valued at roughly 9 billion tenge ($16.5 million).<\/p>\n<h2>Luxury Assets Seized<\/h2>\n<p>Prosecutors say the illicit profits were used to acquire high-end apartments in the capital and multiple vehicles, all of which have now been seized pending court proceedings. The investigation revealed the operation\u2019s extensive reach, from energy diversion to money laundering through luxury property.<\/p>\n<h2>From Mining Haven to Enforcement Hotspot<\/h2>\n<p>Kazakhstan became a global mining hub after China\u2019s 2021 ban forced operators to relocate. Initially, the influx was welcomed for its economic potential. But the strain on the national grid soon became apparent, prompting the government to impose strict regulations requiring miners to purchase electricity through a state-run marketplace, capped at one megawatt-hour per transaction.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-166010\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-pushes-past-122000-as-etf-inflows-and-corporate-buys-spark-bullish-momentum\/\" title=\"Bitcoin Pushes Past $122,000 as ETF Inflows and Corporate Buys Spark Bullish Momentum\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/12\/unnamed-3-2-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Pushes Past $122,000 as ETF Inflows and Corporate Buys Spark Bullish Momentum<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<h2>Part of a Wider Crackdown<\/h2>\n<p>The East Kazakhstan case is part of a broader regional push against unlicensed mining. Russian regulators have launched a national registry for mining equipment, pledging tougher enforcement against underground operators. Meanwhile, France is exploring unconventional approaches \u2014 such as redirecting unused nuclear power to regulated Bitcoin mining facilities.<\/p>\n<p>For Kazakhstan, this latest crackdown underscores the economic and infrastructural risks of unchecked crypto mining and signals that regulators are now moving into higher gear to protect public resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kazakh authorities have dismantled a vast illegal mining operation in East Kazakhstan Oblast that was consuming enough electricity to power an entire mid-sized city.<\/p>\n","protected":false},"author":7,"featured_media":28482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[72,424],"coin_category":[],"class_list":["post-166260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime","tag-bitcoin","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kazakhstan Shuts Down Illegal Crypto Mining Network Draining Power from City Grid<\/title>\n<meta name=\"description\" content=\"Kazakh authorities have dismantled a vast illegal mining operation in East Kazakhstan Oblast that was consuming enough...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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