BAKU, Azerbaijan, July 25. The Ministry of
Artificial Intelligence and Digital Development of Kazakhstan has
developed the Rules for Strategic Digital Mining, which were
approved by a government resolution, the ministry announced.
The new mechanism is aimed at creating additional incentives for
large investment projects in digital mining, improving the sector’s
investment appeal and further developing the digital assets
industry in Kazakhstan.
As reported, participation in the strategic digital mining
program will be voluntary. Only digital mining entities that meet
the requirements established by the rules and submit the relevant
application will be eligible to obtain strategic digital miner
status.
To ensure transparency and objectivity, applications will be
reviewed by a commission under the Ministry of Artificial
Intelligence and Digital Development, with the participation of
representatives of relevant government bodies. The decision to
grant strategic digital miner status will be made following a
comprehensive review of the submitted materials.
Companies that receive strategic digital miner status will be
able to conclude direct electricity purchase agreements with
power-generating organizations for a period of up to 10 years. The
electricity price under such agreements will not exceed the maximum
tariff established by Kazakhstan's legislation.
At the same time, program participants will contribute 10% of
digital assets remaining after accounting for electricity purchase
and transmission costs to the National Strategic Crypto Reserve, in
accordance with the procedure established by the rules.
The formation of the National Strategic Crypto Reserve will be
carried out without the use of budget funds. The reserve will be
replenished exclusively through the voluntary participation of
strategic digital miners, allowing the state to create a strategic
stockpile of digital assets.
"We are consistently developing Kazakhstan as a competitive and
investment-attractive jurisdiction for digital assets. The
institution of strategic digital mining is another step in this
direction," the Ministry of Artificial Intelligence and Digital
Development said.
The new mechanism is expected to contribute to attracting
investment, expanding digital infrastructure and strengthening
Kazakhstan's position in the global digital assets market.
