Kazakhstan approves strategic digital mining rules tying power quotas to crypto reserve transfers

Kazakhstan has approved rules for what it calls strategic digital mining, creating a framework that lets eligible companies secure electricity quotas from power-generating organizations at the highest tariff for a term of up to 10 years. The arrangement comes with a condition: part of the crypto mined under the program must be transferred to the Astana Hub autonomous cluster fund. Those assets are then to be handed over for trust management to a national investment company under the National Bank, with the stated purpose of replenishing the country’s strategic cryptocurrency reserve. The rules also set out an application and approval process. Operators that want to participate in strategic digital mining must file through the E-licensing database, after which a dedicated commission reviews the request. If approved, the digital miner has five working days to sign an agreement with the Astana Hub autonomous cluster fund and also enter into an electricity sale and purchase contract with a power-generating organization. The report was cited by PANews and attributed to Report.az.