Mining is a profitable industry for Kyrgyzstan, and the government intends to reopen it once the cold weather subsides. This was stated by President Sadyr Japarov, who commented on the recent closure of mining farms in the former Soviet republic.
Earlier, Kyrgyzstan’s Energy Minister announced that Bishkek was disconnecting all cryptocurrency farms from the grid due to growing electricity shortages. In addition to increased energy needs during the winter, the country is also experiencing a decline in the amount of water in reservoirs needed for electricity generation, the official told local media.
There are two main mining facilities in Kyrgyzstan: one in the city of Kemin and the other at the Kambar-Ata-2 hydroelectric power station. The former operates entirely on electricity supplied from Russia and imported through Kazakhstan. The organization could have been allowed to continue operating, as it pays transit fees and contributes to the state budget, but Kyrgyz authorities decided to shut down the farm to save electricity.
The second company purchased 30 MW of unused capacity from a neighboring power plant. The latter’s nominal capacity is 120 MW, but due to aging transmission lines and transformers, only 90 MW can be used. This company committed to modernizing the infrastructure.
Cryptocurrency mining will be suspended until the end of March 2026, when temperatures begin to rise, leading to a reduction in energy consumption. Both crypto farms will resume operations after the winter cold sets in. Furthermore, the Japarov administration intends to attract more miners by constructing new generating capacity.