Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city

The Energy Ministry enacted the year-round restriction to mitigate power capacity shortages, as energy-intensive mining facilities continue to strain regional grids.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories

The crypto industry has found new ways to grow. Making money from them is another story
Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how hard it is to escape crypto's boom-and-bust cycles.
CoinDesk

Thailand moves to block Bitget as crypto exchange's local acquisition faces uncertainty
Thailand’s SEC filed a criminal complaint against Bitget’s operator, alleging it ran an unlicensed crypto exchange for Thai users from 2022 to 2025.
CoinDesk

What Democrats’ US midterm sweep means for the CLARITY Act
The CLARITY Act faces a new test as Democrats control Congress, raising questions over consumer protections, ethics and what the crypto industry may have to concede.
Cointelegraph