Crypto▲ Bullish
Kazakhstan offers miners cheap power in exchange for Bitcoin
Miners with 150 MW data centers get 10-year electricity quotas under new Kazakhstan rules, but must transfer mined Bitcoin to a state reserve monthly. The program is capped at 300 MW.
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Kazakhstan just turned crypto mining into a national strategy with a very clear deal: cheap electricity for Bitcoin.
On July 22, the government enacted the "Rules for Implementing Strategic Digital Mining," a policy framework that offers eligible operators 10-year electricity quotas at capped tariffs. Miners must transfer a portion of their mined digital assets to a state-managed crypto reserve each month.
Mining companies must own data centers with at least 150 MW of capacity to qualify. The total electricity allocation across the entire program is capped at 300 MW, limiting participation to a small handful of major operators.
Once approved by a dedicated commission, miners finalize agreements with the Astana Hub autonomous cluster fund within five working days. Operators then submit a portion of their mined assets to Astana Hub by the 25th of the following month. Those assets flow into the trust management of the National Investment Corporation, a subsidiary of the National Bank of Kazakhstan, and into the country's National Strategic Crypto Reserve.
When China effectively banned mining in 2021, miners fled to cheap-energy cold climates. Kazakhstan checked both boxes, at its peak accounting for over 18–27% of the global Bitcoin hashrate. That boom hit a wall in early 2022 when energy shortages forced a temporary halt for miners, sending hashpower to the US and other locations.