New Energy Deal Between Russia and Kazakhstan for Crypto Miners

So Russia is gonna supply more power to Kazakhstan's crypto miners. They’ll be able to buy electricity directly from Inter RAO. Seems like a solid move for them, right?

Not gonna lie, if it’s done right and also helps regular power needs in Kazakhstan, it could really benefit those crypto farms. But it’s a slippery slope... Russia gets a steady income and a way to manipulate Kazakhstan later. Power is a huge use point.

This is bad news though, on top of everything else. Difficulty is set to spike by 11% soon, and now the US big players are in the game with their deep pockets while Kazakh miners will have super cheap electricity. Feels like a tough spot during this bear market.

Last year, they actually had a massive flow of power from Russia to Kazakhstan that exceeded limits. It was like 1.5 GW a day, and Russia even ramped up supplies later. Inter RAO was focused on selling to China before, but now they’re pushing more to Kazakhstan. Seems like a shift is happening.