Venezuela disconnects crypto mining farms from the national grid to manage energy demand.
Venezuela's Ministry of Electric Power disconnects crypto mining farms from the national grid to manage energy demand and maintain a stable power supply. This move follows the seizure of 2,000 mining machines, as part of an anti-corruption campaign and to prioritize energy allocation to vital public services. Venezuela faces an ongoing electricity crisis due to inadequate infrastructure maintenance and lack of investment.
May 19, 2024
4 Articles