Laos plans to stop supplying electricity to cryptocurrency mining farms at the beginning of 2026
Jinse Finance reported that the Deputy Minister of Energy of Laos told Reuters that the country is considering stopping the supply of electricity to cryptocurrency mining farms before the first quarter of 2026. This move aims to reallocate domestic power resources to industries that contribute more to economic growth. In 2021, Laos introduced policy adjustments that led to the rapid expansion of cryptocurrency mining activities, and cryptocurrency operators, attracted by cheap non-fossil energy, flocked to this Southeast Asian landlocked country.
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