The political turmoil in Kazakhstan has caused damage to the cryptocurrency mining industry after the internet and communications were cut off.
According to Arab Net, Kazakhstan emerged as a bitcoin mining hub last year after neighboring China cracked down on the activity.
Kazakhstan accounted for 18% of the world's bitcoin mining rate per second in August 2021.
The rate of energy consumed in mining decreased by 12% last Friday.
Kazakhstan is struggling to deal with huge demands on its power grid due to the rise in crypto-mining.
A power shortage in November led to the shutdown of a large mining farm.
