Kazakhstan's new regulations for strategic digital mining will begin on August 1, requiring miners to allocate mined assets to the Astana Hub.
Kazakhstan's government has enacted new regulations governing strategic digital mining, set to commence on August 1. These rules establish that strategic digital mining operates under a specific electricity quota with regulated tariffs, requiring miners to allocate a portion of their mined assets.
Miners must direct the mined coins to the "Astana Hub" autonomous cluster fund, which will be managed by the National Investment Corporation of the National Bank of Kazakhstan to bolster the National Strategic Crypto Reserve.
To engage in strategic digital mining, applicants are required to go through the authorized body or utilize the state electronic database. Key eligibility criteria include:
- A mining data center with a minimum capacity of 150 MW;
- Connectivity to networks from substations rated at 35 kV or higher with at least 1 MW capacity;
- Mining equipment with a hash rate of no less than 150 TH/s;
- No pending debts or liens on assets;
- Two contracts with communication providers and onsite qualified personnel.
Applicants who are initially rejected due to non-compliance can reapply after rectifying their issues, unless the rejection is due to insufficient electricity capacity.
Once accepted, miners will sign agreements with "Astana Hub" and a designated energy supplier. They will also need to establish a new crypto wallet for asset distribution. Furthermore, the regulations permit the integration of strategic digital mining with regular mining operations.
In conjunction with these regulations, a new procedure has been established for the distribution of digital assets destined for the National Strategic Crypto Reserve. This move follows a decree signed by President Kassym-Jomart Tokayev on July 8 aimed at stimulating Kazakhstan's digital asset sector.
