Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
60-second summary
The world's second-largest Bitcoin mining power is shutting down rigs in its capital city due to a year-round restriction enacted by the Energy Ministry to mitigate power capacity shortages caused by energy-intensive mining facilities straining regional grids, with approximately 90% of the country's mining capacity affected, leading to a significant decline in the local mining industry.
The Energy Ministry enacted the year-round restriction to mitigate power capacity shortages, as energy-intensive mining facilities continue to strain regional grids.