Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate the losses.
Underground Crypto Farm Busted in Kyrgyzstan
The region of Central Asia, including the Republic of Kyrgyzstan, has become a hotspot for cryptocurrency mining lately. Companies involved in the extraction of digital coins have been attracted by its low energy rates amid an ongoing crackdown on the industry in China.
The influx of miners has been blamed for electricity shortages and some countries have been moving to mitigate a growing power deficit. In early October, reports revealed that