Bitcoin Mining Power Faces Shutdown in Capital Amid Energy Crunch

Bitcoin mining power hit by energy caps

The Energy Ministry’s year‑round curtailment order has forced the nation’s second‑largest Bitcoin mining power to pull the plug on several rigs in the capital, citing acute grid stress. Analysts note that regional electricity consumption rose ↑ 8% in Q2, while mining load contributed to a shortfall in capacity.

“Continued operation of high‑intensity facilities threatens stability,” the ministry warned, according to Reuters.

The shutdown aligns with broader moves to curb peak‑hour demand after the pandemic surge exposed systemic vulnerabilities. Experts from Bloomberg predict that the sector may see a ↓ 12% drop in hash rate over the next quarter.