Crypto Miners Are Worsening Kazakhstan’s Energy Crisis

Energy demand is high and supplies are low from Europe to Asia. Many countries in the European Union have enacted emergency provisions to help their most vulnerable citizens survive a winter of sky-high energy bills. China is returning to coal with a vengeance while India threatens to run out of it entirely.

Supply chains are disrupted around the globe and inflation is on the rise worldwide. In Kazakhstan, the government has kept energy prices artificially low, but that has invited a new and unforeseen challenge: the rise of cryptocurrency mining…