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Cryptocurrencies

Kazakhstan's crypto mining boom fizzles over power supply strain

Miners feel 'scapegoated' for creaky grid, start to shift overseas

A cryptocurrency mining data center in Kazakhstan in November: The national grid operator says the industry's huge appetite for electricity has strained the country's supply.   © Reuters

ALMATY -- A wild year for cryptocurrency mining in Kazakhstan is ending on a sour note, with electricity shortages putting what appeared to be a boom on the verge of going bust.

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