Kazakhstan to receive crypto from miners under new strategic mining rules
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Kazakhstan announced new rules for strategic digital mining that require large miners to transfer part of their cryptocurrency to the state. In exchange, miners will receive long-term electricity quotas at capped tariffs for ten years. The scheme aims to build a national strategic crypto reserve managed by the National Investment Corporation of the National Bank.
The Exchange Mechanism
Miners will transfer 10% of their net cryptocurrency output after deducting electricity and network costs to the Astana Hub fund monthly by the 25th. The transfer is free of charge, with no compensation allowed. The fund will audit reports against mining pool data and blockchain transactions; shortages must be covered within 30 days, while overpayments can be offset the following month.
Eligibility Requirements
Only miners with a data center capacity of at least 150 MW and mining devices with a hash rate of 150 TH/s or more can participate. Companies must have two independent communication lines, a service center, qualified staff, and no tax arrears or encumbered assets. The rules effectively limit participation to a few large players, though they may continue conventional mining with separate accounting.
Power Supply and Quotas
Initially, only Ekibastuz GRES-1 named after Bulat Nurzhanov will supply electricity, with a total quota of 300 MW for strategic mining. The government offers capped tariffs and guaranteed energy for ten years in exchange for the cryptocurrency share. This is the first time Kazakhstan plans to use mining to directly replenish a state crypto reserve.
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