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Kazakhstan Proposes ’70/30’ Model to Fund Energy Upgrades Through Crypto Mining
Kazakhstan Proposes ’70/30’ Model to Fund Energy Upgrades Through Crypto Mining
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Kazakhstan is advancing a bold strategy to modernize its energy infrastructure by leveraging cryptocurrency mining. The government’s proposed ’70/30’ model would see foreign investors fund upgrades to thermal power stations, with 70% of the new energy output directed to the national grid and 30% allocated for mining operations.
First Vice Minister Kanysh Tuleushin highlighted the parallels to U.S. practices, where crypto miners help balance power grids by absorbing excess electricity. This initiative aims to expand crypto trading beyond the Astana International Financial Centre, positioning Kazakhstan as a hub for energy-efficient digital asset innovation.
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