Kyrgyzstan’s President Sadyr Japarov has given the green light for the construction of a hydro-powered crypto mining facility at the Kambar-Ata-2 Hydro Power Plant.
With an estimated investment of $20 million, the project seeks to address energy losses by utilizing excess energy from the plant.
The move comes amid efforts to harness the potential of the cryptocurrency industry and boost the country’s economy.
The Kambar-Ata-2 Hydro Power Plant, operational since 2010, produces approximately 120 MW of energy annually. However, it can only utilize 90 MW, resulting in around 30 MW of excess energy being wasted, leading to substantial financial losses of over $37 million.
