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Can Russia rescue Kazakhstan’s dwindling crypto mining activity with its electricity
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ambcrypto.comRussia’s Inter RAO might begin commercial electricity export to Kazakhstan in November, as per local reports. The development comes after reports of the country facing a serious energy shortage due to the rapid development of cryptocurrency mining.
Acting head of Inter RAO trading function Alexandra Panina told the papers,
“Inter RAO is discussing a possibility of commercial supplies of Russian electricity to Kazakhstan in November. We will begin to offer it on Kazakhstan’s market in November-December.”
Reports suggest that the desired volume of electricity supplies is up to 400 MW per day. Meanwhile, Panina noted that Inter RAO could supply some 600 MW under an “ideal scenario.” That’s exactly the expected deficit that the country could see
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