Uzbekistan Builds Three Cryptocurrency Mining Centers with a Total Investment of $5.11 Billion
2026-08-29 08:41:34
According to CoinMeta, as reported by bits and media, the chairman of the Parliament of the Karakalpakstan Republic in Uzbekistan, Amanbay Orynbayev, stated that three cryptocurrency mining centers and three data centers are being constructed in the region, with a total investment of 5.11 billion US dollars. In April of this year, the entire territory of Karakalpakstan was designated as a special mining zone Besqala Mining Valley. According to Uzbekistan's regulations, cryptocurrency mining is only permitted to be conducted by legal entities, and they must use electricity from the national grid, for which they are required to pay twice the regular electricity price. The country's National Projects Agency is responsible for issuing mining licenses.
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