Laos' deputy energy minister told Reuters that the country is considering stopping power to cryptocurrency mining farms by Quarter 1 in 2026, a move aimed at reallocating domestic power resources to industries that contribute more to economic growth.
In 2021, Laos introduced a policy adjustment to promote the rapid expansion of cryptocurrency mining activities, and cryptocurrency operators have flocked to the landlocked country of South East Asia, attracted by cheap non-fossil energy.
Laos plans to stop supplying electricity to cryptocurrency mining farms in early 2026
2025-10-17 03:49:53
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